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Exercise #11 (Sue Feria) DehnieceMangawang

The document analyzes business transactions for a travel agency using an expanded accounting equation worksheet in Microsoft Excel. The worksheet tracks the agency's assets, liabilities, and owner's equity from April 30, 2019. It records cash receipts from commissions, fees, and clients as well as cash payments for supplies, salaries, rent, and utilities. The ending balances on May 31, 2019 show assets of $227,000, liabilities of $227,000, and owner's equity of $160,500.

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Phaelyn Yambao
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379 views3 pages

Exercise #11 (Sue Feria) DehnieceMangawang

The document analyzes business transactions for a travel agency using an expanded accounting equation worksheet in Microsoft Excel. The worksheet tracks the agency's assets, liabilities, and owner's equity from April 30, 2019. It records cash receipts from commissions, fees, and clients as well as cash payments for supplies, salaries, rent, and utilities. The ending balances on May 31, 2019 show assets of $227,000, liabilities of $227,000, and owner's equity of $160,500.

Uploaded by

Phaelyn Yambao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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ANALYZING BUSINESS TRANSACTIONS USING THE EXPANDED ACCOUN

ALOE Expanded Worksheet

Sue Feria opened a travel agency business on April 5, 2019. A month after she was able to comply with the legal requirements
GR REPAIRS SERVICES COMPANY

Date Transactions Cash


April 30 Beginning balances
₱ 61,000.00
May
2 Received processing fees 45,000.00
2 Received commission income 28,000.00
5 Payment to BDO's note payable (10,000.00)
8 Payment for supplies (7,250.00)
10 Received commission income 8,000.00
11 Bought photocopying machine 50% in cash 50% on account (7,500.00)
14 Collected services fees 5,000.00
15 Paid salaries expense (15,000.00)
18 Billed Moyses Company for processing fees
20 Received processing fees from Mr. and Mrs. Smith 1,000.00
24 Paid ROS account (5,000.00)
25 Moyses Company paid 50% of their account 6,000.00
27 Billed PAL for commission income
Bills were received from the following: PLDT, P3,500 and Meralco,
28 P5,500
29 Received processing fees from various clients 12,000.00
30 Paid for rent and salaries
Salaries (5,000.00)
Rent (7,500.00)
31 Supplies used
Total ₱ 108,750.00
Grand Total
SING THE EXPANDED ACCOUNTING EQUATION IN MICROSOFT EXCEL SPREADSHEET
ALOE Expanded Worksheet [ALOE WS]

ly with the legal requirements and documents, the business started operation. The following balances were taken on April 30, 2019:
REPAIRS SERVICES COMPANY TRANSACTIONS
Assets Liabilities
Accounts
Receivable Supplies Furniture Equipment Account due to ROS

₱ 14,500.00 ₱ 50,500.00 ₱ 25,000.00 ₱ 15,000.00

7,250.00

15,000.00

12,000.00

(5,000.00)
(6,000.00)
3,500.00

(3,500.00)
₱ 9,500.00 ₱ 18,250.00 ₱ 50,500.00 ₱ 40,000.00 ₱ 10,000.00
₱ 227,000.00 ₱ 227,000.00
re taken on April 30, 2019:

Liabilities Owner's Equity


24-month Note due to
BDO Accounts Payable Account Affected Amount

₱ 50,000.00 Feria, Capital ₱ 86,000.00

Processing Fees 45,000.00


Commission Income 28,000.00
(10,000.00)

Commission Income 8,000.00


7,500.00
Processing Fees 5,000.00
Salaries Expense (15,000.00)
Processing Fees 12,000.00
Processing Fees 1,000.00

Comission Income 3,500.00

9,000.00 Utilities Expense (9,000.00)


Processing Fees 12,000.00

Salaries Expense (5,000.00)


Rent Expense (7,500.00)
Supplies Expense (3,500.00)
₱ 40,000.00 ₱ 16,500.00 ₱ - ₱ 160,500.00

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