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    Financial Transaction Worksheet, Luca Problem

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    Feiya Liu
    1. Sofia Valladolid opened a beauty salon called Luca Beauty, depositing P200,000 into the business bank account. 2. Various financial transactions occurred over time, including purchasing equipment, supplies, and paying rent. 3. By the end, the business had P100,000 in equipment, P30,000 in furniture and fixtures, P110,000 in accounts payable, and P241,000 in owner's equity.

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    Financial Transaction Worksheet, Luca Problem

    Uploaded by

    Feiya Liu
    823 views3 pages
    1. Sofia Valladolid opened a beauty salon called Luca Beauty, depositing P200,000 into the business bank account. 2. Various financial transactions occurred over time, including purchasing equipment, supplies, and paying rent. 3. By the end, the business had P100,000 in equipment, P30,000 in furniture and fixtures, P110,000 in accounts payable, and P241,000 in owner's equity.

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    1. Sofia Valladolid opened a beauty salon called Luca Beauty, depositing P200,000 into the business bank account. 2. Various financial transactions occurred over time, including purchasing equipment, supplies, and paying rent. 3. By the end, the business had P100,000 in equipment, P30,000 in furniture and fixtures, P110,000 in accounts payable, and P241,000 in owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    823 views3 pages

    Financial Transaction Worksheet, Luca Problem

    Uploaded by

    Feiya Liu
    1. Sofia Valladolid opened a beauty salon called Luca Beauty, depositing P200,000 into the business bank account. 2. Various financial transactions occurred over time, including purchasing equipment, supplies, and paying rent. 3. By the end, the business had P100,000 in equipment, P30,000 in furniture and fixtures, P110,000 in accounts payable, and P241,000 in owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    Ma. Sofia Y.

    Valladolid LUCA BEAUT


    BABA 1-A FINANCIAL TRANSAC
    ACCT101_A
    ASSETS
    Cash + Supplies +
    1. Set up a beauty salon and 1 200,000
        deposited P200,000 cash 2- 10,000
        in the bank for use of the Balance 190,000
        business. 3
    2. Paid rent for P10,000. Balance 190,000 +
    3. Purchased equipment on 4
        account for P100,000. Balance 190,000 +
    4. Purchased furniture and 5- 40,000 40,000
        fixtures on credit for Balance 150,000 + 40,000 +
        P30,000. 6 30,000
    5. Purchased P40,000 Balance 180,000 + 40,000 +
        worth of supplies in cash. 7- 9,000
    6. Received P30,000 for Balance 171,000 + 40,000 +
        make-up and rebonding 8- 20,000
        services. Balance 151,000 + 40,000 +
    7. Paid utility bills for P9,000. 9- 20,000
    8. Paid partially P20,000 for Balance 131,000 + 40,000 +
        equipment purchased on 10 60,000
        account Balance 191,000 + 40,000 +
    9. Paid salaries of workers       for 11 - 10,000
    P20,000. Balance 181,000 + 40,000 +
    10.Received P60,000 for
         a wedding service
         contract.
    11. Luca withdrew P10,000  
        from the business.
    LUCA BEAUTY SALON
    FINANCIAL TRANSACTION WORKSHEET

    ASSETS LIABILITIES OWNER'S EQUITY


    Equipment + Furniture & Fixtures = Accounts Payable + Luca, Capital
    200,000
    = - 10,000
    190,000
    100,000 100,000
    100,000 = 100,000 + 190,000
    30,000 30,000
    100,000 + 30,000 = 130,000 + 190,000

    100,000 + 30,000 = 130,000 + 190,000


    30,000
    100,000 + 30,000 = 130,000 + 220,000
    - 9,000
    100,000 + 30,000 = 130,000 + 211,000
    - 20,000
    100,000 + 30,000 = 110,000 + 211,000
    - 20,000
    100,000 + 30,000 = 110,000 + 191,000
    60,000
    100,000 + 30,000 = 110,000 + 251,000
    - 10,000
    100,000 + 30,000 = 110,000 + 241,000
    351,000 = 351,000
    INV
    E

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