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    Khaira Marie Dulongbinti
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    The document shows the financial transactions of a business called Modesto's Self Storage over a period of time. It tracks cash invested, expenses paid, cash received from services, supplies purchased, salaries paid, bills paid, and cash withdrawn by the owner Modesto. At the end of the period, the business had total assets of $200,200, total liabilities of $20,000, and owner's equity of $192,200 after accounting for all cash flows.

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    ex no. 4

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    The document shows the financial transactions of a business called Modesto's Self Storage over a period of time. It tracks cash invested, expenses paid, cash received from services, supplies purchased, salaries paid, bills paid, and cash withdrawn by the owner Modesto. At the end of the period, the business had total assets of $200,200, total liabilities of $20,000, and owner's equity of $192,200 after accounting for all cash flows.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    15 views4 pages

    Ex No. 4

    Uploaded by

    Khaira Marie Dulongbinti
    The document shows the financial transactions of a business called Modesto's Self Storage over a period of time. It tracks cash invested, expenses paid, cash received from services, supplies purchased, salaries paid, bills paid, and cash withdrawn by the owner Modesto. At the end of the period, the business had total assets of $200,200, total liabilities of $20,000, and owner's equity of $192,200 after accounting for all cash flows.

    Copyright:

    © All Rights Reserved
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    of 4

    TRANSACTION CASH

    Invested 150,000 for the business 150,000


    Bought office equipment on PHINMA Company on account
    Paid rent for the month -24,000
    Bought supplies for cash -4,500
    Paid salaries -9,800
    Received cash for storage services 36,000
    Paid utility bill -2,520
    Paid advertising expense -4,280
    Paid one year liability insurance policy -8,350
    Billed cutomers for services on account
    Received cash for storage services 23,000
    Paid salaries -9,900
    Paid PHINMA Company for office equipment
    Modesto withdrew 12,000 for personal use. -12,000
    TOTAL PER ACCOUNT 133,650
    TOTAL ASSETS AND TOTAL LIABILITIES AND OWNER'S EQUITY
    MODESTO'S SELF STORAGE
    Financial Transaction Worksheet

    ASSETS
    ACCOUNTS RECEIVABLE SUPPLIES PREPAID INSURANCE

    4,500

    8,350
    33,700

    33,700 4,500 8,350


    200,200
    STORAGE

    LIABILITIES OWNER'S EQUITY


    OFFICE EQUIPMENT ACCOUNTS PAYABLE MODESTO, CAPITAL
    150,000
    31,000 31,000
    -24,000

    -9,800
    36,000
    -2,520
    -4,280

    33,700
    23,000
    -9,900
    -11,000 -11,000

    20,000 20,000 192,200


    200,200
    OWNER'S EQUITY
    MODESTO, DRAWINGS

    12,000
    -12,000

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