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    First Performance Task in FABM 1

    Uploaded by

    Roly Jr Paderna
    Kim invested PHP 500,000 in cash and PHP 100,000 in equipment to open Chinita Girl Spa on June 1. Over the month, she recorded various cash transactions including taking out a loan, purchasing equipment and supplies, receiving payment from customers, and paying expenses. She was required to analyze these transactions and record them on a financial worksheet to track the cash inflows and outflows of the business.

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    First Performance Task in FABM 1

    Uploaded by

    Roly Jr Paderna
    296 views2 pages
    Kim invested PHP 500,000 in cash and PHP 100,000 in equipment to open Chinita Girl Spa on June 1. Over the month, she recorded various cash transactions including taking out a loan, purchasing equipment and supplies, receiving payment from customers, and paying expenses. She was required to analyze these transactions and record them on a financial worksheet to track the cash inflows and outflows of the business.

    Original Description:

    Task 1 (ABM)

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    Kim invested PHP 500,000 in cash and PHP 100,000 in equipment to open Chinita Girl Spa on June 1. Over the month, she recorded various cash transactions including taking out a loan, purchasing equipment and supplies, receiving payment from customers, and paying expenses. She was required to analyze these transactions and record them on a financial worksheet to track the cash inflows and outflows of the business.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    296 views2 pages

    First Performance Task in FABM 1

    Uploaded by

    Roly Jr Paderna
    Kim invested PHP 500,000 in cash and PHP 100,000 in equipment to open Chinita Girl Spa on June 1. Over the month, she recorded various cash transactions including taking out a loan, purchasing equipment and supplies, receiving payment from customers, and paying expenses. She was required to analyze these transactions and record them on a financial worksheet to track the cash inflows and outflows of the business.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    First Performance Task in FABM 1

    Name:_________________________ Section_______ Rating:______

    What I Can Do
    Directions: Analyze the transactions of Kim as the
    owner of Chinita Girl Spa Services. Record the transactions
    using a financial transaction worksheet indicated on the
    next page.

    June 1 Kim invested Php 500,000.00 cash and


    equipment amounting to Php100,000.00 to open
    Chinita Girl Spa.
    2 She borrowed Php 50,000.00 cash from Bamba
    Bank to be used for her business.
    7 She bought tables and chairs from Maginhawa
    Furnitures and paid Php 20,000.00 cash.
    15 Various equipment were purchased on account
    from Beauty Shoppy for Php 50,000.00.
    18 She made a withdrawal of Php 10,000.00 for her
    personal use.
    20 The account due to Beauty Shoppy was paid in
    cash.
    21 Chinita Girl Spa Services was hired. The cash of
    Php 10,000.00 was received from the customer.
    22 Gas and oil worth Php 1,000.00 and equipment
    repairs worth Php 1,000.00 were paid in a cash
    transaction.
    24 Service was hired again by a customer for Php
    15,000.00 but this time the customer was only able to
    pay Kim 50% on that day and she made a promise to
    pay the other 50% on June 30.
    25 She paid Php 1,000.00 for the telephone bill.
    27 Another customer hired the services of Chinita
    Girl Spa Services. A bill was issued to them for Php
    30,000.00 and 50% of it was collected.
    30 The remaining balance on the transaction last
    June 24 was paid in cash.
    30 She paid Php 5,000.00 for the office rental space
    and Php 4,000.00 for employees’ salaries.

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