Name: CAMPO, JAYNIE LOU Date: October 8, 2020

Section: C1-O2-ABM Permit Number: 5606 6766 7

I. Business Background
Name of the Business Unwind On A Dime
Nature of the Business Spa and Massage
Address of the Business Capistrano Kalambaguhan St.,
Cagayan de Oro City, Misamis
Oriental 9000 Philippines
Estimated Start up Capital ₱500,000
Source of Fund Indirect Financing: The source of
fund is personally borrowed from
Metropolitan Bank and Trust
Company for investment.
Enumerate your roles and functions as  Financing
the Chief Finance Officer Of the - It is my role to make decisions
company. Give at least three. Describe on how to fund the long term
each function and role. investments of the business.

 Operating
- It is my role to handle the daily
operation of the business such
as the receivables and
inventories.

 Profit planning
- It is my role to budget the
profit in order to achieve a
targeted profit level.

II.Transactions. Indicate as Financing, Investing or Operating Activity.

(2) Financing  On December 6, 2021, Transferred ₱500,000
Activities cash from a personal savings account to a
checking account, Jaynie Lou Campo

 On December 16, 2021, Campo withdrew ₱5,000

cash for personal use.

(1) Investing Activity  On December 8, 2021, Acquired Building ₱50,000

on account and paid ₱25,000 as a down payment
for the remaining balance on account.
(4)Operating  On December 9, 2021, Acquired office supplies,
Activities ₱10,000

 On December 12, 2021, Paid ₱100,000 for Utilities

Expense

 On December 13, 2021, Paid ₱20,000 for the taxes

and licenses expense.

 On December 15, 2021, Performed a full body

massage service received a bill of ₱5,000 for the
service rendered.

III.Journal, Ledger and Trial Balance

General Journal
Date Account Titles and Explanation Dr Cr
Dec. 6 Cash ₱500,000
Campo, Capital ₱500,000
To record the investment of Unwind
On A Dime

8 Building 50,000
Cash 25,000
Accounts payable 25,000
To record the purchase of Building on
account.

9 Office supplies 10,000

Cash 10,000
To record the purchase of office
supplies.

12 Utilities Expense 100,000

Cash 100,000
To record the payment of Utilities
Expense.

13 Taxes and Licenses 20,000

Cash 20,000
To record the Taxes and Licenses
Expense.

15 Cash 5,000
Service Revenue 5,000
To record the cash received for the
service rendered.

16 Campo, Drawing 5,000

Cash 5,000
To record the withdrawal of the owner
for personal use.

Three-Column Ledger
Account Title: Cash
Date Remarks PR Amount Balance
DR CR DR CR
Dec.202
Dec. 6 Investment GJ1 ₱500,000 ₱500,000
Dec. 8 Purchase of the Building on GJ1 ₱25,000 475,000
account.
Dec. 9 Purchase of Office Supplies GJ1 10,000 465,000

Dec. 12 Payment of Utilities GJ1 100,000 565,000

Expense
Dec. 13 Taxes and Licenses Expense GJ1 20,000 545,000

Cash received for the

Dec. 15 GJ1 5,000 550,000
service

Dec. 16 Cash withdrawal GJ1 5,000 545,000

Account Title: Campo, Capital

Date Remarks PR Amount Balance
DR CR DR CR
Dec.202
Dec. 6 Investment GJ1 ₱500,000 ₱500,000

Account Title: Building

Date Remarks PR Amount Balance
DR CR DR CR
Dec.202
Dec. 8 Investment GJ1 ₱50,000 ₱50,000

Account Title: Accounts Payable

Date Remarks PR Amount Balance
DR CR DR CR
Dec.202 Purchase of Building on
Dec. 8 GJ1 ₱25,000 ₱25,000
account.

Account Title: Office Supplies

Date Remarks PR Amount Balance
DR CR DR CR
Dec.202
Dec. 9 Purchase of Office Supplies GJ1 ₱10,000 ₱10,000

Account Title: Utilities Expense

Date Remarks PR Amount Balance
DR CR DR CR
Dec.202 Payment of Utilities
Dec. 12 GJ1 ₱100,000 ₱100,000
Expense

Account Title: Taxes and Licenses Expense

Date Remarks PR Amount Balance
DR CR DR CR
Dec.202 Payment for Taxes and
Dec. 13 GJ1 ₱10,000 ₱10,000
Licenses Expense

Account Title: Service Revenue

Date Remarks PR Amount Balance
DR CR DR CR
Dec.202 Performed a full body
Dec. 15 GJ1 ₱5,000 ₱5,000
massage service.

Account Title: Campo, Drawing

Date Remarks PR Amount Balance
DR CR DR CR
Dec.202 Withdrawal for personal
Dec. 16 GJ1 ₱5,000 ₱5,000
use.

Trial Balance
Unwind On A Dime

Unadjusted Trial Balance

For the month ended in December 2021

Account Title Dr Cr

Cash ₱545,000

Building ₱50,000

Office Supplies ₱10,000

Accounts Payable ₱25,000

Campo, Capital ₱500,000

Campo, Drawing ₱5,000

Utilities Expense ₱100,000

Taxes and Licenses Expense ₱10,000

Service Revenue ₱5,000

Total ₱530,000 ₱530,000