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1-Jun Mr. Hanamichi Sakuragi invested P 800,000 to start a retailing business which he calls Slam Dunk Enterprise .

3-Jun Paid for the business permits and other fees, P 5,000.
5-Jun Purchased equipment, P 50,000 for cash.
6-Jun Purchased supplies on account, P 10,000.
7-Jun Paid rent for June, P 8,000.
10-Jun Purchased merchandise from the supplier on account, P 200,000.
12-Jun Paid the transportation cost of the merchandise, P 3,000.
13-Jun Purchased merchandise from the supplier for cash, P 100,000.
14-Jun Sold merchandise to customers for cash, P 40,000.
15-Jun Paid salaries of employee, P 5,000.
17-Jun Sold merchandise to customers on account, P 150,000.
18-Jun Paid delivery costs of merchandise sold to customers, P2,000.
20-Jun Made partial payment to supplier in June 10 transaction, P 60,000.
25-Jun Collected partial payment from customers in June 17 transaction, P 80,000.
27-Jun Mr. Sakuragi withdrew cash for personal use, P 20,000.
30-Jun Paid salaries of employee, P 4,500 and electricity bill, P 4,500.

Additional date:
Monthly depreciation for equipment is P 500.
Supplies used amounted to P 6,000.
The merchandise inventory at the end of the month amounted to P 205,000.
ASSETS LIABLITY OWNER'S EQUITY
Accounts Merchandise Accum. Accounts Sakuragi, Sakuragi, Sales Cost of Salaries Taxes and Rent Utilities Delivery Depreciation Supplies
Date Cash Supplies Equipment Purchases Freight-in
Receivable Inventory Deprn. Payable Capital Withdrawal Revenue goods sold expense licenses expense Expense expense expense Expense

1-Jun 800,000 800,000


3-Jun (5,000) 5,000
5-Jun (50,000) 50,000
6-Jun 10,000 10,000
7-Jun (8,000) 8,000
10-Jun 200,000 200,000
12-Jun (3,000) 3,000
13-Jun (100,000) 100,000
14-Jun 40,000 40,000
15-Jun (5,000) 5,000
17-Jun 150,000 150,000
18-Jun (2,000) 2,000
19-Jan (60,000) (60,000)
25-Jun 80,000 (80,000)
27-Jun (20,000) 20,000
30-Jun (9,000) 4,500 4,500
30-Jun 500 500
30-Jun (6,000) 6,000

Balance 658,000 70,000 0 4,000 50,000 500 150,000 800,000 20,000 190,000 300,000 3,000 9,500 5,000 8,000 4,500 2,000 500 6,000