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    POWS01 - AngeladeDiosSolutions (March and April)

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    Phaelyn Yambao
    The document summarizes the business transactions of Think Computer for March and April using an expanded accounting worksheet. It includes details of cash receipts and payments, purchases of assets, and ending balances for cash, accounts receivable and other balance sheet accounts. Financial statements are presented for April including an income statement showing a net loss and statements of owner's equity and financial position.

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    POWS01 - AngeladeDiosSolutions (March and April)

    Uploaded by

    Phaelyn Yambao
    299 views11 pages
    The document summarizes the business transactions of Think Computer for March and April using an expanded accounting worksheet. It includes details of cash receipts and payments, purchases of assets, and ending balances for cash, accounts receivable and other balance sheet accounts. Financial statements are presented for April including an income statement showing a net loss and statements of owner's equity and financial position.

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    POWS01_AngeladeDiosSolutions (March and April)

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    The document summarizes the business transactions of Think Computer for March and April using an expanded accounting worksheet. It includes details of cash receipts and payments, purchases of assets, and ending balances for cash, accounts receivable and other balance sheet accounts. Financial statements are presented for April including an income statement showing a net loss and statements of owner's equity and financial position.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    299 views11 pages

    POWS01 - AngeladeDiosSolutions (March and April)

    Uploaded by

    Phaelyn Yambao
    The document summarizes the business transactions of Think Computer for March and April using an expanded accounting worksheet. It includes details of cash receipts and payments, purchases of assets, and ending balances for cash, accounts receivable and other balance sheet accounts. Financial statements are presented for April including an income statement showing a net loss and statements of owner's equity and financial position.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    ANALYZING BUSINESS TRANSACTIONS USIN

    Expanded ALOE Worksheet [ALOE WS] for Think

    Date Transactions Assets

    Accounts
    Cash Recievable
    March Initial investment of Angela de Dios, owner of PhP 350,000.00
    01
    10 Payment of 2-month rent deposit of Mr. Lee/O (10,000.00)

    15 Various spendings to set up the business place (68,000.00)


    20 Purchase of supplies for cash (1,500.00)
    25 Purchased 12 computer units, paid 50%-downpa (150,000.00)
    March Ending Balances PhP 120,500.00 PhP -
    Grand Totals
    April Beginning Balances PhP 120,500.00
    2 DTI Registration (300.00)
    5 Business permit (2,815.00)
    8 BIR registration (500.00)
    12 Paid PLDT for business line and internet fee (5,750.00)
    18 Cash withdrawal by owner (1,500.00)
    20 Received electricity bill
    25 Rent paid with cash (5,000.00)
    30 Salaries paid (10,000.00)
    Supplies used

    Summary of monitoring sheets showed a total of 18,500.00 500.00


    April Ending Balances PHP 113,135.00 PHP 500.00
    Grand Totals
    USINESS TRANSACTIONS USING THE EXPANDED ACCOUNTING EQUATION IN MICROSOFT EXCEL SPREADSHEET
    rksheet [ALOE WS] for Think Computer-Angela de Dios case (Vera Cruz Manuel, 2021, p. 58 and 83 - March & April)
    PLAYNET.COM TRANSACTIONS

    Furniture & Leasehold


    Supplies Rent Deposit Fixtures Equipment Improvement

    PhP 10,000.00

    PhP 8,000.00 PhP 45,000.00 PhP 15,000.00


    PhP 1,500.00
    300,000.00
    PhP 1,500.00 PhP 10,000.00 PhP 8,000.00 PhP 345,000.00 PhP 15,000.00
    PhP 500,000.00
    PhP 1,500.00 PhP 10,000.00 PhP 8,000.00 PhP 345,000.00 PhP 15,000.00

    (750.00)

    PHP 750.00 PHP 10,000.00 PHP 8,000.00 PHP 345,000.00 PHP 15,000.00
    PHP 492,385.00
    CEL SPREADSHEET
    and 83 - March & April)

    Liabilities Owner's Equity

    Accrued expense
    payable Notes Payable Account Affected Amount
    De Dios, Capital PhP 350,000.00

    PhP 150,000.00
    PhP - PhP 150,000.00 PhP 350,000.00
    PhP 500,000.00
    PhP 150,000.00 PhP 350,000.00
    Taxes & licenses (300.00)
    Taxes & licenses (2,815.00)
    Taxes & licenses (500.00)
    Utility expense (5,750.00)
    De Dios, drawings (1,500.00)
    800.00 Utility expense (800.00)
    Rent expense (5,000.00)
    Salaries expense (10,000.00)
    Supplies expense (750.00)

    Internet, On-Line and


    LAN games fee 19,000.00
    PHP 800.00 PHP 150,000.00 PHP 341,585.00
    PHP 492,385.00
    Two Financial
    Statements >> FUNDAMENTALLY RELATED FINANCIAL STATEMENTS

    Income Statement
    Statement of Changes in Owner's Equity

    Balance Sheet

    19,000.00
    (9,365.00) (16,550.00) (25,915.00)

    (6,915.00)
    FUNDAMENTALLY RELATED FINANCIAL STATEMENTS

    Playnet.Com
    Statement of Profit or Loss
    For the month ended April 30, 202X Fo

    Internet, On-Line and LAN games fee PHP 19,000.00 Internet, On-Line and LAN g
    Operating expenses: Less - Operating expenses:
    Supplies (750.00)
    Taxes & licenses (3,615.00)
    Rent (5,000.00)
    Utility (6,550.00)
    Salaries (10,000.00)
    Net income (loss) PHP (6,915.00)
    Net income (loss)

    Playnet.Com
    Statement of Changes in Owner's Equity
    For the month ended April 30, 202X

    De Dios, Capital, beginning balance PHP 350,000.00


    Less: Net loss PHP 6,915.00
    De Dios, Drawings 1,500.00 8,415.00
    De Dios, Capital, ending balance PHP 341,585.00

    REPORT FORMAT
    Playnet.Com
    Statement of Financial Position
    As of April 30, 202X

    ASSETS
    Cash PHP 113,135.00
    Accounts receivable 500.00
    Supplies 750.00
    Rent deposit 10,000.00
    Total Current Assets PHP 124,385.00
    Furniture & fixtures 8,000.00
    Equipment 345,000.00
    Leasehold improvement 15,000.00
    Total Non-current Assets PHP 368,000.00
    TOTAL ASSETS PHP 492,385.00

    LIABILITIES & OWNER'S EQUITY


    Accrued expense payable PHP 800.00
    Notes payable 150,000.00
    Total liabilities PHP 150,800.00
    De Dios, Capital 341,585.00
    TOTAL ASSETS & OWNER'S EQUITY PHP 492,385.00
    Playnet.Com
    Statement of Profit or Loss
    For the month ended April 30, 202X

    Internet, On-Line and LAN games fee PHP 19,000.00


    Less - Operating expenses:
    Supplies PHP 750.00
    Taxes & licenses 3,615.00
    Rent 5,000.00
    Utility 6,550.00
    Salaries 10,000.00
    Total operating expenses 25,915.00
    Net income (loss) PHP (6,915.00)

    ACCOUNT FORMAT

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