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FAMhyzel

The document outlines the financial transactions of Hyzel's accounting and consultancy office for March 2016, detailing investments, expenses, revenues, and cash movements. Key activities include the opening of the office, purchase of equipment, billing for services, and collection of accounts receivable. The transactions reflect a mix of cash inflows and outflows related to various operational activities.

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irishsandig0
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25 views1 page

FAMhyzel

The document outlines the financial transactions of Hyzel's accounting and consultancy office for March 2016, detailing investments, expenses, revenues, and cash movements. Key activities include the opening of the office, purchase of equipment, billing for services, and collection of accounts receivable. The transactions reflect a mix of cash inflows and outflows related to various operational activities.

Uploaded by

irishsandig0
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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Date: Description PR DEBIT CREDIT

March 2016
1 Cash ₱300,000
Office Equipment ₱80,000
Hyzel, Capital ₱380,000
Hyzel, opens her accounting and
consultancy office with the investment of
cash and office equipment.
3 Furniture and Fixtures ₱40,000
Office Supplies ₱3,000
Cash ₱43,000
Bought furniture and fixtures, and office
supplies for cash.
4 Accounts Receivable ₱30,000
Bookkeeping Revenue ₱5,000
Consultancy Revenue ₱25,000
Billed the clients for the following
services rendered: bookkeeping and
consultancy.
7 Rent Expense ₱6,000
Cash ₱6,000
Paid rent for the month.
9 Cash ₱5,000
Service Revenue ₱5,000
Received cash from walk-in clients for
services provided.
15 Salaries Expense ₱8,000
Cash ₱8,000
Paid the salaries of the staff.
16 Cash ₱30,000
Accounts Receivable ₱30,000
Collected in full the billing made on
March 4
20 Accounts Receivable ₱60,000
Consultancy Revenue ₱60,000
Billed the consultancy services provided
to Davao Partner's Bank
25 Cash ₱30,000
Installation Revenue ₱30,000
Received payments for the installation of
accounting system.
30 Cash ₱30,000
Accounts Receivable ₱30,000
Collected 50% of the March 20 billing

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