acc101 principles of accounting individual assignment topic record your transactions for the month ended june 30 2023

Eating expense Cash Paid cash for water Paying cash for cove beans 10.. Eating expense Cash Paying cash for seaweed 12.. Personal expense Cash Paying cash for tissue paper 18.. Eati

ACC101 - Principles of Accounting Individual Assignment

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Name: Trần Thị Huyền ID: HS170906

Answer

1 Analyze all transactions following steps of the accounting cycle (record in General Journal and Ledger)

STEP 1: Identify transactions

My parents provides me with 6,000,000 VND monthly to cover living expenses

1 On June 1, my mother sent me 6,000,000 VND cash for living

2 On June 1, I pay 2,250,000 VND in advance for the rent for the month of June

3 On June 1, I paid 150,000 VND in cash to buy 10kg rices

4 On June 1, I paid 580,000 VND cash to buy sports shoes

5 On June 2, I signed up to play badminton every month for 250,000 VND a month, paid in 2

installments at the beginning and end of the month

6 On June 3, I paid I pay 125,000 VND in cash to the badminton club for the 1st of June

7 On June 3, I paid 22,000 VND in cash to buy 5l water Lavie for catering

8 On June 4, I paid 25,000 VND in cash to buy vermicelli at the supermarket

9 On June 4, I paid 2,880 VND in cash to buy cove beans at the supermarket

10 On June 4, I paid 4,200 VND in cash to buy kumquats at the supermarket

11 On June 4, I paid 42,000 VND in cash to buy seaweed at the supermarket

12 On June 4, I paid 34,000 VND in cash to buy dental floss

13 On June 4, I paid 4,500 VND in cash to buy 40g condensed milk

14 On June 4, I paid 5,000 VND in cash to buy rice paper

15 On June 4, I paid 15,000 VND in cash to buy makeup remover cotton

16 On June 4, I paid 29,000 VND in cash to buy Omeli cake

17 On June 6, I paid 2,000 VND in cash to buy tissue paper

18 On June 6, I paid 60,000 VND in cash for billiards with friends

19 On June 6, I paid 24,800 VND in cash to buy mixed flavor rice paper

20 On June 8, I paid 45,000 VND in cash to pork leg meat

21 On June 8, I paid 38,000VND in cash to egg

22 On June 11, I paid 56,000 VND cash for jasmine milk tea

23 On June 15, I paid 125,000 VND in cash for the service of playing badminton in the second half of June

24 On June 18, I paid 370,000 VND in cash to buy sunscreen

25 On June 18, I paid 250,000 VND in cash to buy toner for skincare, lotion

26 On June 18, I paid 6,000 VND in cash to buy snacks at the supermarket

27 On June 18, I paid 5,000 VND in cash to buy Poca snacks at the supermarket

28 On June 18, I paid 44,250VND in cash to buy CP meats at the supermarket

29 On June 22, I paid 25,000 VND in cash to buy coniferous seaweed at the supermarket

30 On June 22, I paid 38,000 VND in cash to buy 10 duck eggs at the supermarket

31 On June 26, I paid 21,000 VND in cash to buy drink water

32 On June 29, I paid 29,000 VND in cash to buy milk tea

33 On June 29, I paid 35,000 VND in cash to buy avocado smoothies

34 On June 30, I pay 480,000 VND in cash for the electricity bill for the month of June

Depreciation:

+ My laptop: (38,000,000 - 10,000,000)/(5.12)=500,000 VND/ 1 month

4 Personal expense Cash

(purchase shoes by cash)

250,000

250,000

03/06 6 Account payable Cash

( Paid cash for sports services on first haft of June)

7 Eating expense Cash ( Paid cash for water)

( Paying cash for cove beans ) 10 Eating expense Cash

( Paying cash for kumquats) 11 Eating expense Cash

( Paying cash for seaweed)

12 Personal expense Cash

( Paying cash for dental floss) 13 Eating expense

15,000

(paying cash for makeup remover cotton)

16 Eating expense Cash

( Paying cash for Omeli cake)

29,000

29,000

06/06 17 Personal expense Cash

( Paying cash for tissue paper) 18 Entertainment expense

Cash

(paying cash for play billiards) 19 Eating expense Cash

( Paying cash for mixed flavor rice paper)

( Paying cash for pork leg meat) 21 Eating expense Cash ( Paying cash for eggg)

( Paying cash for jasmine milk tea)

badminton in the second half of June)

18/06 24 Personal expense Cash

( Paying cash to buy sunscreen) 25 Personal expense

Cash

( Paying cash to buy toner for skincare, lotion)

26 Eating Expense Cash (paying cash to buy snacks)

27 Eating expense Cash

( Paying cash to buy Poca snacks) 28 Eating expense

( Paying cash to buy coniferous seaweed)

30 Eating expense Cash

( Paying cash to buy duck egg)

( Paying cash to buy drink water )

21,000

21,000

Cash

( Paying cash to buy milk tea) 33 Eating expense Cash

( Paying cash for avocado smoothies)

35,000

29,000

35,000

30/06 34 Untilities expense Cash

( Paid electricity of June by cash )

480,0000

480,000

STEP 3: Post Cash

01/06 Received cash from my mom

03/06 Paying cash for sports service

125,000 2,895,000

04/06 Paying cash for kumquats 4,200 2,840,920

04/06 Paying cash for dental floss

11/06 Paying cash for jasmine milk tea

18/06 Paying cash for toner, lotion

250,000 1,740,620

18/06 Paying cash to buy Poca snacks

29/06 Paying cash to buy milk tea

01/06 Received cash from my father

6,000,000 6,000,000

Total 6,000,000 Eating expense

04/06 Paying cash for condensed milk

08/06 Paying cash for pork leg meat

11/06 Paying cash for jasmine milk tea

18/06 Paying cash for snacks 6,000 6,000

22/06 Paying cash for coniferous seaweed

29/06 Paying cash for avocado smoothies

Personal Expenses

01/06 Paying cash to buy sports shoes

34,000 15,000

06/06 Paying cash to buy tissue paper

18/06 Paying cash to buy sunscreen Paying cash to buy toner, lotion

370,000 250,000

370,000 250,000

Entertainment Expenses

Untilities Expenses

30/06 Paying cash for electricity of June

Rent Expenses

01/06 Paying cash to rent of June 2,250,000 2,250,000

Sports expense

03/06 Paying cash for sports services on first haft of June

15/06 Paying cash for sports services in the second haft of June

(paid cash for rent of June) Rent expense

( Record the depreciation of laptop)

500,000

500,000

STEP 8: Closing

Rent expense

Expenses depreciation Untilities expense

( To close expense accounts )

5,442,630

651,630 1,251,000

60,000 250,000 2,250,000

500,000 480,000

Retained earnings ( To close income summary account)

557,370

557,370

STEP 9: Prepare post-closing trial balance

THE POST-CLOSING TRIAL BALANCE FOR THE MONTH ENDED JUNE 30TH, 2023

Accumulated depreciation - Laptop

statement of cash flows

STEP 4: Prepare an unadjusted trial balance

THE UNADJUSTED TRIAL BALANCE FOR THE MONTH ENDED JUNE 30TH, 2023

Accumulated depreciation - Laptop

0

0

STEP 6: Prepare adjusted trial balance

THE ADJUSTED TRIAL BALANCE FOR THE MONTH ENDED JUNE 30TH, 2023

Cash 1,057,370 Accumulated depreciation -

500,000

Total expenses: 1,057,370

Net incomes: 557,370

- The statement of cash flow

STATEMENT OF CASH FLOW

FOR THE MONTH ENDED JUNE 30TH, 2023

Cash flow on operating activities

Cash paid for entertainment (60,000)

Net cash provided by operating activities

1,057,370 Cash flows from investing activities

Net cash used in investing activities 0 Cash flows from financing activities

Net cash provided by financing activities

0

3 Shelf comment about your budget plan and how to improve next month

2 06/06

4 22/06