On March 01, 2020 Angel started business with ₱ 200,000 and other transactions for the month are:
2. Purchase Furniture for Cash ₱ 10,000.
8. Purchase Goods for Cash ₱ 2,000 and for Credit ₱ 1,000 from Ruwan Retail Store.
15. Sold Goods to Mrs. Abante ₱ 12,000 and Cash Sales ₱ 5,000.
19. Angel withdrew of worth ₱ 5,000 for personal use.
22. Paid Ruwan Retail Store ₱ 500.
26. Received ₱ 10,000 from Mrs. Abante.
31. Paid Salaries Expense ₱ 2,000
2. Purchase Furniture for Cash ₱ 10,000.
8. Purchase Goods for Cash ₱ 2,000 and for Credit ₱ 1,000 from Ruwan Retail Store.
15. Sold Goods to Mrs. Abante ₱ 12,000 and Cash Sales ₱ 5,000.
19. Angel withdrew of worth ₱ 5,000 for personal use.
22. Paid Ruwan Retail Store ₱ 500.
26. Received ₱ 10,000 from Mrs. Abante.
31. Paid Salaries Expense ₱ 2,000
Answers & Comments
Answer:
Main Budget :
₱ 200,000
Expenses :
₱ 10,000
₱ 2,000
₱ 1,000
₱ 12,000
₱ 5,000
₱ 5,000
₱ 500
₱ 10,000
₱ 2,000
= ₱ 47,500
Operation Needed :
Subtraction
Total Expenses :
200,000−47,500
=152,500
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