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First Performance Task in FABM 1

Kim invested PHP 500,000 in cash and PHP 100,000 in equipment to open Chinita Girl Spa on June 1. Over the month, she recorded various cash transactions including taking out a loan, purchasing equipment and supplies, receiving payment from customers, and paying expenses. She was required to analyze these transactions and record them on a financial worksheet to track the cash inflows and outflows of the business.

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Roly Jr Paderna
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442 views

First Performance Task in FABM 1

Kim invested PHP 500,000 in cash and PHP 100,000 in equipment to open Chinita Girl Spa on June 1. Over the month, she recorded various cash transactions including taking out a loan, purchasing equipment and supplies, receiving payment from customers, and paying expenses. She was required to analyze these transactions and record them on a financial worksheet to track the cash inflows and outflows of the business.

Uploaded by

Roly Jr Paderna
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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First Performance Task in FABM 1

Name:_________________________ Section_______ Rating:______

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.

June 1 Kim invested Php 500,000.00 cash and


equipment amounting to Php100,000.00 to open
Chinita Girl Spa.
2 She borrowed Php 50,000.00 cash from Bamba
Bank to be used for her business.
7 She bought tables and chairs from Maginhawa
Furnitures and paid Php 20,000.00 cash.
15 Various equipment were purchased on account
from Beauty Shoppy for Php 50,000.00.
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.
27 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 collected.
30 The remaining balance on the transaction last
June 24 was paid in cash.
30 She paid Php 5,000.00 for the office rental space
and Php 4,000.00 for employees’ salaries.

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