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

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<b>ACC101 - Principles of Accounting Individual Assignment </b>

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<b>Name: Trần Thị Huyền ID: HS170906 </b>

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<b>Answer </b>

<b>1. Analyze all transactions following steps of the accounting cycle (record in General Journal and Ledger). </b>

<b>STEP 1: Identify transactions </b>

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

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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

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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

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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

<b>Depreciation: </b>

+ 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

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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

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(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)

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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

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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

<b>STEP 3: Post Cash </b>

01/06 Received cash from my mom

03/06 Paying cash for sports service

125,000 2,895,000

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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

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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

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<b>Total 6,000,000 Eating expense </b>

04/06 Paying cash for condensed milk

08/06 Paying cash for pork leg meat

11/06 Paying cash for jasmine milk tea

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

22/06 Paying cash for coniferous seaweed

29/06 Paying cash for avocado smoothies

<b>Personal Expenses </b>

01/06 Paying cash to buy sports shoes

34,000 15,000

06/06 Paying cash to buy tissue paper

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

370,000 250,000

370,000 250,000

<b>Entertainment Expenses </b>

<b>Untilities Expenses </b>

30/06 Paying cash for electricity of June

<b>Rent Expenses </b>

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

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<b>Sports expense </b>

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

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<b>STEP 8: Closing </b>

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

<b>STEP 9: Prepare post-closing trial balance </b>

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<b>THE POST-CLOSING TRIAL BALANCE FOR THE MONTH ENDED JUNE 30TH, 2023 </b>

Accumulated depreciation - Laptop

<b>statement of cash flows. </b>

<b>STEP 4: Prepare an unadjusted trial balance </b>

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

Accumulated depreciation - Laptop

0

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0

<b>STEP 6: Prepare adjusted trial balance </b>

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

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Cash ^1,057,370Accumulated depreciation -

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500,000

<b>Total expenses: 1,057,370 </b>

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<b>Net incomes: 557,370 </b>

<b>- The statement of cash flow </b>

STATEMENT OF CASH FLOW

FOR THE MONTH ENDED JUNE 30TH, 2023

<b>Cash flow on operating activities </b>

Cash paid for entertainment (60,000)

<b>Net cash provided by operating activities </b>

<b>1,057,370 Cash flows from investing activities </b>

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<b>Net cash used in investing activities 0 Cash flows from financing activities </b>

<b>Net cash provided by financing activities </b>

<b>0 </b>

<b>3. Shelf comment about your budget plan and how to improve next month </b>

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2 06/06

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4 22/06

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