Transaction for G1nabuy for the Month of November are presented below

1. Invested ₱ 500,000 cash in the business

2. Purchased equipment costing ₱ 50,000 for ₱ 20,000 cash & the remainder on
credit
3. Purchased supplies on account for ₱ 10,000
4. Paid ₱ 10,000 for one year insurance policy
5. Paid ₱ 15,000 in cash for the current month’s rent
6. Paid ₱ 8,000 in cash for Advertisement expense
7. Received ₱ 100,000 cash for services performed
8. Received ₱ 12,600 for services previously performed on account
9. Paid wages to employees for ₱ 30,000
10. Petty withdraw ₱ 25,000 cash from the business
Date Account Title Debit Credit
1 Cash 500,000
500,000
2 Equipment 50,000
Cash 20,000
Accounts Payable 30,000
3 Supplies 10,000
Accounts Payable 10,000
4 Prepaid Insurance 10,000
Cash 10,000
5 Rent Expense 15,000
Cash 15,000
6 Advertisement Expense 8,000
Cash 8,000
7 Cash 100,000
Service Revenue 100,000
8 Cash 12,600
Accounts Receivable 12,600
9 Wages Expense 30,000
Cash 30,000
10 G1nabuy Drawing 25,000
Cash 25,000
 Cash Advertisement Expense
500,000 20,000 8,000
100,000 10,000
12,600 15,000 8,000
8,000
30,000
25,000 Wages Expense
30,000
504,600
30,000

Equipment
50,000 Service Revenue
100,000
50,000
100,000

Supplies
10,000 Accounts Receivable
12,600
10,000
12,600

Prepaid Insurance
10,000 Accounts Payable
30,000
10,000 10,000

40,000
Rent Expense
15,000
G1nabuy Capital
15,000 500,000

500,000
G1nabuy Drawing
25,000

25,000
 G1nabuy
Trial Balance
November 30, 2022
Cash 504,600
Accounts Receivable 12,600
Supplies 10,000
Equipment 50,000
Prepaid Insurance 10,000
Accounts Payable 40,000
G1nabuy Capital 500,000
G1nabuy Drawing 25,000
Service Revenue 100,000
Wages Expense 30,000
Rent Expense 15,000
Advertisement Expense 8,000
652,600 652,600
 G1nabuy
Income Statement
For the Month November 30, 2026
Revenues
Service Revenues ₱115,000
Total Revenues 115,000
Expenses
Wages Expense 34,500
Rent Expense 15,000
Advertisement Expense 9,200
Total Expenses 58,700

Net Income ₱56,300

 G1nabuy
Statement of Retained Earnings
For the Year Ended November 30, 2022
Beginning Retained Earnings ₱0
Add: Net Income 47,000
Less: Dividends 0
End Retained Earnings ₱47,000
 G1nabuy
Balance Sheet
At November 30, 2026
Asset
Current Asset
Cash ₱580,290
Accounts Receivable (14,490)
Supplies 11,500
Prepaid Insurance 11,500
Total Current Assets ₱588,800
Non-current Assets
Equipment 57,500
Total Asset 646,300

Liabilities and Equity

Liabilities
Accounts Payable 46,000
Total Liability 46,000
Equity
G1nabuy Capital 575,000
G1nabuy Drawing (28,750)
Retained Earnings 56,300
Total Liabilities & Equity ₱648,550
 G1nabuy
Statement of Cash Flow
For the Year Ended November 30, 2026
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income ₱56,300
Accounts Payable 46,000
Accounts Receivable (14,490)
Supplies 11,500
Prepaid Insurance 11,500
NET CASH PROVIDED BY OPERATING ACTIVITIES 110,810

CASH FLOWS FROM INVESTING ACTIVITIES

Equipment 57,500
CASH PROVIDED BY INVESTING ACTIVITIES (57,500)

CASH FLOWS FROM FINANCING ACTIVITIES

Withdrawal 28,750
CASH PROVIDED BY FINANCING ACTIVITIES 28,750
NET INCREASE IN CASH 82,660

BEGINNING CASH BALANCE -

ENDING CASH BALANCE ₱82,060