Directions: Analyze the transactions of Kim as the owner of Chinita Services. Record the transactions using a financial ta worksheet indicated on the next page. Write your ansv separate sheet of paper.
Directions: Analyze the transactions of Kim as the owner of Chinita Services. Record the transactions using a financial ta worksheet indicated on the next page. Write your ansv separate sheet of paper.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:What I Can Do
Directions: Analyze the transactions of Kim as the owner of Chinita Girl Spa
Services. Record the transactions using a financial transaction
worksheet indicated on the next page. Write your answers on a
separate sheet of paper.
etob
June
Kim invested Php 500,000.00 cash and equipment amounting to
Php100,000.00 to open Chinita Girl Spa.
1
She borrowed Php 50,000.00 cash from Bamba Bank to be
used for her business.
She bought tables and chairs from Maginhawa Furnitures and
paid Php 20,000.00 cash.
Various equipment were purchased on account from Beauty
Shoppy for Php 50,000.00.
15
in oble
18
She made a withdrawal of Php 10,000.00 for her personal use.
20
The account due to Beauty Shoppy was paid in cash.
21
Chinita Girl Spa Services was hired. The cash of Php 10,000.00
was received from the customer.
22
Gas and oil worth Php 1,000.00 and equipment repairs worth
Php 1,000.00 were paid in a cash transaction.
24
Service was hired again by a customer for Php 15,000.00 but
this time the customer was only able to pay Kim 50% on that
day and she made a promise to pay the other 50% on June 30.
25
She paid Php 1,000.00 for the telephone bill.
Another customer hired the services of Chinita Girl Spa Services.
A bill was issued to them for Php 30,000.00 and 50% of it was
27
collected.
30
The remaining balance on the transaction last June 24 was
paid in cash.
30
2888id She paid Php 5,000.00 for the office rental space and Php
4,000.00 for employees' salaries.
Transcribed Image Text:Chinita Girl Spa Services
Financial Transaction Worksheet
Month of June, 2020
OWNER'S
Date
ASSETS
LIABILITIES
EQUITY
Other
Kim,
Capital
Accounts
Loans
Accounts
Account
June
Cash
Furnitures
Equipment
Recelvable
Payable
Payable
Title
1.
7
15
18
20
21
22
24
25
27
30
30
Bal.
Total
Balances
ad le e le sd lo om li a
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