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June 1

June 2

Started business with 150, 000 in cash and $400,000 at the bank.

Assets= Liability + capital

Bank ($400,00) + Cash (150,00) = 0+ $550,00

$550,00= $550,00

Bought office equipment costing $20,000, vehicle costing $25,000 and furniture costing

$20,000 on credit from Mr. Enriquez.

June 5

Asset= liability+ Capital

Bank ($400,00) + Cash(150,00) + Equipment($ 20,000)+ vehicle ($25,000) +

Furniture ($20,000) = (credit) Mr. Enrique + Equipment ($20,000) + vehicle ($25,000) +

Furniture ($20,000)+ $550,000

$615,000 = $615,000

Paid first rent of $2,000 paying by cash to Mr. Castaneda.

Asset= liability+ Capital

Bank ($400,000)+ Cash(150,000- Rent $2,000)+ Equipment ($20,000)+ Vehicle

($25,000) + furniture ($20,000)+ Rent to Mr. Castaneda ($2,000) = $65,000+

550,000

$615,000= $615,000

June 10

June 15

Paid salaries to workers: Mr. Raul $200, Mrs. Aliza $200 and Mrs. Melva $250 by cash.

Assets= Liability+ Capital

Bank($400,00)+ Cash (150,000- Rent $2,000- (Salaries)Mr. Raul $200, -Mrs. Aliza

$200- Mrs. Melva $250)+ Equipment ($20,000)+ Vehicle ($25,000)+ Mr.

Castaneda(rent)+ ($2,000)= $65,000 –( Mr. Raul $200-Mrs. Aliza $200- Mrs. Melva

$250) + $550,000

$614,150= $614,150

Paid electricity owed of $200 paying by cheque.

Assets= Liability+ capital

Bank($400,00- Electricity owed $200) + Cash($150,00 – Rent $2,000- (salaries)Mr.

Raul $200,- Mrs. Aliza $200- Mrs. Melva $250)+ Equipment ($20,000)+ vehicle

($25,000)+ furniture ($20,000)+ Mr. Castaneda (rent) + ($2,000)= $65,000- (Mr Raul

$200- Mrs. Aliza $200 – Mrs. Melva $250 – Electricity owed $200)+ $550,000

$614,150= $614,150

June 17

Owner used $200 cash for personal use.

Assets= Liability + Capital

Bank ($400,000- Electricity owed $200) + Cash ($150,000- Rent $2,000- (salaries) Mr.

Raul $200, - Mrs. Aliza $200- Mrs Melva $250 – Personal Use $200)+ Equipment

($20,000) Vehicle ($25,000)+ furniture ($20,000)+ Mr Castaneda (rent) + ($2,000)=

$65,000- Mr. Raul $200- Mrs. Aliza$200 – Mrs Melva $250 – Electricity owed

$200)+$550,000- Personal Use $200

$613,950= $613,950

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