Business Accounting 20 - Charlton invested a computer worth

P57,000 and an additional P 850,000

cash to the business
In the year of 2016, David Charlton
22 - Mrs. Bautista paid the remaining P
started his salon business named David's
2,675 full in cash
Salon. The following business
transactions during the period were 31 - paid stylists' salaries, P 22,400
presented:

February
January
2 - receives P 12,350 cash for services
1 - David Charlton invested cash worth P rendered
4,000,000 to start the business
4 - receives utility bills for the month of
2 - hired 4 stylists with P 5,600 salary January worth P 15,625
each in 15 days
6 - borrowed money from BPI worth P
8 - Paid P 6,690 cash in advertising and P 500,000
15,550 cash for rent
8 - paid rent P 15,550 in cash
9 - Bought beauty supplies worth P
9 - paid utility bills for the month of
50,000 in cash
January
- Purchased beauty equipment for P
11 - Bought beauty supplies worth
500,000 on account
P5,000 on account
11 - Acquired Furniture costing 440,000,
14 - Receives cash from Ms. De Jesus
paying 50% in cash and the remaining on
worth P 2,550, for the Airbrush Makeup
account
and Curling
14 - Withdrew P 25,000 cash for personal
15 - Paid stylists' salaries P22,400
use
22 - bought Beauty equipment worth P
- rendered services for Mrs. Bautista
267,000 in cash and beauty supplies
for P 5,350 and receives P 2,675 in cash
worth P 116,500 also in cash
and the remaining on account
28 - paid stylists' monthly salaries,
15 - receives P 7, 635 from acustomers
P22,400
for the services performed

- paid stylists' salaries, P 22,400

March
17 - receives P 15,485 for services
performed 4 - receives utility bills for the month of
February amounting to P 15,767
6 - Paid 75% of loan in BPI and issued a
promissory note on the remaining
8 - paid rent, P 15,550, and
advertisement, P 7,680, in cash
- paid utility bills for the month of
February
10 - Purchased beauty supplies worth P
25,580 in cash
12 - Mrs. Rosales bought hair products
worth P 3,350 but only P 1,340 was paid
in cash and remaining on account
15 - paid stylists' salaries P 22,400
16 - paid the supplies bought last
February 11 full, P5000
22 - Withdrew P 70,000 for personal use
25 - Ms. Mendoza was billed P 835 for the
services rendered on account
31 - paid stylists' salaries, P 22,400
April
1 - receives cash worth P 20,440 from
customers
3 - paid the note issued last March 6 full
4 - Paid the remaining balance of the
furniture bought last January 11 in cash
8 - Paid rent worth P 15,550 in cash
9 - receives utility bills for the month of
March amounting to P 17, 348
- Mr. Charlton made an additional
investment, P 895,000 cash, to the
business
10 - Paid utility bills for the month of
March, P 17,348
11 - Rendered Hair and Make up services
to Ms. Reyes and billed Ms. Reyes P1,200
13 - Purchased beauty equipment worth
P 20,520 in cash
15 - Paid stylists' salaries P 22,400
17 - Bought furniture and fixtures worth P
100,000 making a 50% down payment of
P 50,000 with the balance on account
20 - Billed Mrs. Sy P 1,365 for Hair and
Make up and Eyebrow Threading on
account
22 - Ms. Mendoza paid the remaining
balance on account, P 835
26 - Mrs. Rosales paid the remaining
balance of Hair products bought last
March 12 costing P 2,010 in cash
30 - Paid stylists' salaries, P 22,400
May
3 - borrowed P 165,000 from BPI
5 - Receives Utility bills amounting to P
12,670 for the month of April
8 - paid rent worth P 15,550 and
advertisement worth P 7,450 in cash
9 - Bought and installed air-conditioned
units in the salon worth P 150,000
making 75% down payment and the
remaining on account
11 - Paid Utility Bills for the month of
April, P 12,670
12 - receives P 11,750 from the
customers
15 - paid stylists' salaries P 22,400
16 - Receives P1,200 cash from Mrs. 26 - rendered hair and make up services
Reyes for the services rendered last April to Ms. Dela Cruz and receives P 4,865 in
11 cash

19 - Paid the remaining balance of the
furniture and fixtures bought last April
17, P50,000
24 - Mrs. Sy paid the services rendered
last April 20, P 1,365
27 - paid the remaining balance of the
air-conditioned units bought last May 9
29 - receives P 15,210 from customers
for services rendered
31 - paid the stylists' salaries, P 22,400
28 - Paid the remaining balance of the
loan in BPI, P123,750
30 - Paid stylists' salaries
July
1 - Charlton purchased a new perming
equipment, P 1,200
2 - Bought P 35,000 worth of supplies
3 - Hired additional stylist with a salary of
5,600

6 - Received Utility Bills P 16,400 for the

June
month of June
4 - Bought beauty supplies worth P
8 - Paid rent worth 15,550
25,225 in cash
9 - Paid Utility bills
5 - receives utility bills for the month of
May amounting to P 16,115 13 - Paid advertisements amounting to P
4,350
7 - paid 25% of the loan in BPI last May 3
15 - Paid stylists' salary, P28,00
8 - paid utility bills for the month of May
17 - Received P 40,000 cash for services
- paid rent worth P 15,550 in cash
rendered for a whole wedding entourage
10 - Mrs. Ong bought P 6,790 worth of
28 - Rebonded Mrs. Choi's hair worth
Hair Products in cash
3,800 on account
15 - Paid stylists' salaries, P 22,400
31 - Paid stylists' salaries
16 - Mrs. Borbon bought beauty products
worth P 2,161 in cash
August
18 - receives P 19,935 for the services
rendered 4 - Mrs. Choi paid P 1,200 for the services
rendered on account last July 28 and
24 - Charlton invest P 200,000 worth of
issued a promissory note for the rest
cash and a computer costing P 85,000 to
the business 8 - Paid rent worth 15,550
9 - Charlton invested P 727,000 cash to
the business
- Received utility bills amounting to P
15, 750
12 - Purchased new chairs worth 20,000
- received P 50,000 for doing the hair
and make up of the contestants in a
pageant
15 - paid stylists' salaries, P 28,000 and
paid utility bills received last August 9
18 - Charlton invested P 968,000 cash
23 - Received P 3,300 cash for
keratherapy treatment on Mrs. Nam
27 - Mrs. Choi paid note issued last
August 4, P 2,600
29 - rendered services for doing the hair
and make up of a debutant and her
mother, Mrs. Dela Cruz, worth P 15,000
on account
31 - paid stylists' salaries
September
2 - Charlton invested an air condition unit
worth P46,000
4 - received a partial payment worth P
3,600 for the services rendered to Mrs.
Dela Cruz and her daughter last August
29 and issued a promissory note for the
remaining balance
6 - Mrs. Dela Cruz paid note full in cash
8 - Paid rent worth P 15,550
9 - received and paid utility bills costing P
17,050
13 - Paid advertisement costing P 4,200
15 - Paid stylists' salaries
20 - sold P 5,000 worth of beauty
products
22 - Charlton withdrew P 45,000 for
personal use
24 - Made a loan to BPI worth P 235,000
27 - received P 12,500 for services
rendered to customers
29 - Paid 65% of the loan made to BPI
last September 24 and issued a
promissory note on the remaining
balance
30 - Paid stylists' salaries
October
3 - made P 7,300 cash for doing Mrs.
Smith's hair rebonding and highlighting
5 - Paid note issued to BPI last Sept 29, P
82,250
7 - received utility bills, P 16,960 for the
month of September
8 - paid monthly rent P 15,550 and utility
bills P 16,960
14 - rendered services to Mrs. Wong
amounting to P 8,700 and receives P
2,400 cash and the remaining balance on
account
15 - paid stylists' salaries, P 28,000
19 - received P 4,000 from Ms. Wong for
the services rendered last October 14
and issued a promissory note for the
remaining balance
24 - bought beauty products to replenish
the stocks in cash, P 11,300
27 - Purchased an airbrush makeup 3 - earned P 8,000 for multiple hair
machine worth P 14,950 in cash treatment performed to Ms. Kath's hair

29 - received payment for the note, P
2,300, from services rendered to Mrs.
Wong last October 14
31 - paid stylists' salaries
5 - received utility bills for the month of
Nov, P 16,740
8 - paid rent, P 15,550
9 - rendered services to the contestants
of Bb. Lungsod ng Batangas

November 13 - Paid Utilities for the month of

November
3 - received P 80,000 for a contract to do
hair and make up of the contestants of 15 - paid stylists' salaries , P 28,000
Bb. Lungsod ng Batangas
17 - bought towels for P 1,000 cash
6 - bought new curling and straightening
20 - received cash for hair highlighting, P
iron worth P 20,000
1,200
7 - received and paid utility bills
23 - rendered services to Mrs. Sy worth P
amounting to P 14,225
10,000 but only 35% was paid and the
8 - paid rent, P 15,550 remaining on account

14 - permed Ms. Lee's hair worth P 2,000 24 - paid taxes and licenses, P 38,500

15 - paid stylists' salaries 26 - Mrs. Sy paid P 1,500 cash and issued

17 - received P 7,200 cash for hair
products that Mrs. Dela Cruz bought
21 - restock beauty supplies to be sold
worth P 15,000
a promissory note
27 - earned P 4,600 for multiple hair
treatments to Ms. Chan
28 - Mrs. Sy paid note full

24 - earned P 1,200 cash for the hair and 31 - paid stylists' salaries
make-up to Ms. Park

30 - paid stylists' salaries

- received P 10,000 cash for the

service rendered to the whole family of
Mr. Song

December

2 - Withdrew P 79,000 cash and hair

products worth P 10,000 for personal use
Introduction Business Accounting
 the partner of the owner of Rever Salon.
Years after he became the sole owner of
David's Salon's Vision is to bring Fine
the salon. In 1989, Charlton established
European hairdressing to the Philippines.
David's Salon Inc. He wants to share his
David's Salon has made its name in the
skills and expertise to more Filipinos. He
industry offering wide range of hair and
opened the very first David's Salon in
beauty services, and world-class
New Farmer's Market in Quezon City.
hairdressing to a wide range of
customers. This salon provides the
highest quality of services at prices
David's Salon has opened many
everyone can afford. David's Salon
opportunities to many Filipinos. It not just
services include different hair
opened employment for many Filipinos,
treatments, hair coloring, perming,
David's Salon also shared unique skills
relaxing, rebounding, hair styling and
and expertise of hairstyles to many
make up, nail care, and hand and foot
promising Filipino stylists. Now, David's
spas. The suppliers of this salon are
Salon has the largest chain of salons in
L'Oreal, USA Professional Matrix, Affinage
the Philippines. It has 200 branches and
Infiniti and Schwarzkopf and Henkel. It
continuing to expand all over the
also offers their own hair and beauty
Philippines. It has also branch out to
products. The main goal of the salon is to
other places in the world, specifically in
satisfy each customer with their services.
Los Angeles, California and Dubai.
They provide the highest quality of
David's Salon continues to bloom in the
services with professional care of well-
industry. David Charlton has succeed
trained stylists. They use the latest and
raising up his business to one of the top
most innovative European hairdressing
salon in the world. David's Salon believes
technology for them to achieve their
that whoever you are, whatever you do,
goals.
David's Salon brings out the best in you.

David's Salon is owned by David

Charlton. He was born in Sunderland,
England and was exposed to hairdressing
at a very young age. He came from a
family of hairdressers. He worked full-
time at his uncle's salon when he was 16.
He studied in Durham Technical College
while working. Charlton passed the City
and Guilds of London Institute
Examination in Men's and Ladies'
Hairdressing with Distinction after 3
years of studying. Charlton came to the
Philippines in the year 1978. He became
the manager of Rever Salon at the
Mandarin Oriental Hotel. He also became
Services

SENIOR STYLIST Conditioning

deluxe Php 1,450

Haircut: from 150 to 250 premium Php 1,600

HAIR AND MAKE-UP

Highlights

cap Php 1,500

Shampoo & Blowdry: Php 150 foil Php 2,000

THREADING

Iron/Curling: Php 550

Eyebrow Php 165

Eye Makeup: Php 600 TREATMENT

Full Makeup: Php 800 Regular Hot Oil: Php 500

Hair and Makeup: Php 1,200 Organic: Php 950

Airbrush Makeup: Php 2,000 Hair Spa

w/ vials Php 1,450

Color cream Php 950

Tint (Root) Powerdose: Php 1,200

deluxe Php 1,050

premium Php 1,250 Keratherapy

express Php 1,500

Tint (Full) extreme Php 3,300

deluxe Php 1,450 WAXING

premium Php 1,550

Eyebrow: Php 210 Foot Reflex:Php 350

Pedicure: Php 210

Lip: Php 550 Nail Art: Php 150

Gel Polish: Php 250

Face: Php 350 Gel Removal: Php 100

Underarm: Php 450

Full Arm: Php 650

Full Leg: Php 460

Bikini: Php 450

Brazilian: Php 650

FORM

Perm

traditional Php 1,200

digital Php ?

Hair Relax: Php 2,200

Hair Rebond: Php 3,800

NAIL CARE

Manicure: Php 175

Foot Spa: Php 350