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Chimei Communications, a public relations firm owned by John Chimei, had various financial transactions in August 2018 including John transferring cash to the business, purchasing a service vehicle and computer equipment, paying bills and salaries, receiving cash from a customer, and donating to charity.

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Potato Vin
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186 views

Untitled

Chimei Communications, a public relations firm owned by John Chimei, had various financial transactions in August 2018 including John transferring cash to the business, purchasing a service vehicle and computer equipment, paying bills and salaries, receiving cash from a customer, and donating to charity.

Uploaded by

Potato Vin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Chimei Communications is a public relation firm.

During the month of August 2018, the company


completed the following transactions:

Aug. 1 John Chimei, the owner of the company, transferred cash from personal bank account to the
account of the business, P1,500,000.

Aug 3. Purchase service vehicle for P600,000, paying P200,00 cash and giving a note payable for the
balance.

4. Paid electricity bill P1,600

5. Paid annual insurance policies, P12,000

6. Bought computer equipment for cash P10,000

10. John Chimei withdrew cash for personal use P5,000

11. Purchase office supplies on account P2,500

15 Received cash from a customer for service rendered, P135,000

18 Donated cash to Phili[[ine National Red Cross P10,000

25 Paid August rent for office P15,000

25 Maid partial payment on notes payable 11,000

30 Paid salaries P12,000

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