individual assignments accounting principles topic record your transactions for the month ended june 30 2023

INDIVIDUAL ASSIGNMENTS ACCOUNTING PRINCIPLES Topic: Record your transactions for the month ended June 30, 2023 Name: NGÔ THỊ NGỌC ÁNH Student ID: HS173429 Class: MKT1808 Subject: ACC101

Lecturer: NGUYỄN THANH HUYỀN

2

1 Analyze all transactions following steps of the accounting

cycle (record in General Journal and Ledger)

STEP 1: Identify and analyze transactions (with

source documents)

No Transaction for the month

1st June to 30th June

Source document

1 On June 2 , I On June 2 , I paid st st

200.000VND for Equipment in Aloha

supermarket

2 On June 2 , I paid 276.000VND for st

Equipment in Aloha supermarket

3 On June 2 , I paid 35.000VND cash fost

Food supermarket

3

4 On June 2 , I paid 50.000VND cash fo

Beverage supermarket

5 On June 3 , I paid 100.000VND for st

Viettel sevice in TPBank

6 On June 3 , I receivable 500.000VNDst

from my sister allowance

7 On June 3 I paid 750.00VND on casst,

for Drugs in PANASUN PHARMA

8 On June 3 , I paid 100.000VND for st

Beverage in Chasting

9 On June 5st, I paid 2.400.000VND for

rent

4

10 On June 7 , I paid 33.600VND cash fo

Food in Sunshine Mart

11 On June 10 , I paid 100.000VND for st

100.000.000 loans with 5% interest)

14 On June 10st, I received my salaries o

cash is 4.800.000 VND from my

5

18 On June 16 , I paid 45.800VND on ca

for food in Mango

19

On June 16st, I paid 50.000VND for

Beverage in Get & Go

20 On June 16st, I paid 250.000VND for

travel in Limoshine Gia Hưng

21 On June 17st, I paid 122.000VND for

food and condiments in Aloha

supermarket

22 On June 17st, I paid 38.000VND on

cash for toys and supplies in Aloha

supermarket

6

23 On June 19 , I paid 156.000VND for

supplies and skincare product in Aloha

supermarket

24 On June 19st, I paid 38.900VND for

supplies and food in Manh Quan

29 On June 24st, I paid 69.300VND for

food in Manh Quan supermarket

30 On June 25st, I paid 107.600VND for

food and body care products in Manh

Quan supermarket

8

31 On June 27 , I paid 92 00VND for 6

food in Manh Quan supermarket

32 On June 27st, I paid 20.000VND for

food and beverage An Viet in

supermarket

33 On June 28st, I paid 75.800VND for

food and beverage in Manh Quan

supermarket

34 On June 29st, I paid 296.000VND for

Skincare products Sunshine Pharmac

+ Bought 15.000.000 VND from May 2022

+ Life span: 5 year

+ Salvage value: 6.000.000 VND

Straight- line Depreciation expenses = 150.000 VND/month

- Motorbike

+ Bought 21.000.000 VND from June 2021

+ Life span: 20 year

+ Salvage value: 6.000.000 VND

Straight- line Depreciation expenses = 62.500 VND/month

- Equipment

+ Bought 276.000 VND from June 2021

+ Life span: 1 year

+ Salvage value: 96.000 VND

Straight- line Depreciation expenses = 15.000VND/month, 500VND/day June 2 June 30 : 28days = 14.000VND –

35 On June 30 , I paid 130.000VND for

Functional foods in Sunshine Pharmac

500.000

Beverage expense 100.000 Cash

Drugs expense 750.000 Cash

June

5

Rent expense 2.400.000 Cash

4.000.000

Revenue (Revenue from 100.000.000 loans with 5% interest)

5.000.000

Wages Revenue ( Part-time job revenue ) 4.800.000 Utilities expense 420.000

350.000 Functional foods expense 260.000

Cash (Paid for Functional foods)

Travel expense 250.000 Cash

June

17

Condiments expense 20.000 Cash

(Paid for food and condiments

122.000

Supplies expense 4.000 Cash

(Paid for toys and supplies) 38.000 Supplies expense 21.000

Personal care expense 135.000

12

June

19

Cash (Paid for supplies and skincareproducts)

156.000

Supplies expense 17.900 Cash

(Paid for food and supplies) 38.900

Cash (Paid for clothing)

(Paid for utilities) 1.088.562 June

Food expense 64 00 8

13

June

28 Beverage expense Cash 11.000

(Paid for food and beverage) 75.800 June

14.000

Depreciation expenses - Lapto250.000 Accumulated depreciation

– Laptop (Record depreciation laptop)–

250.000

Depreciation expenses Phon–Iphone

150.000 Accumulated depreciation

– Phone Iphone (Record depreciation Phone–Iphone)

150.000

Depreciation expenses –

Accumulated depreciation– Motorbike

(Record depreciation –Motorbike)

62.500

Unit: VND

3/6 100.000 100.000 750.000 5/6 2.400.000 7/6 33.600 10/6 100.000 10/6 4.000.000

5.000.000

4.800.000

10/6 420.000 15/6 350.000 260.000 16/6 45.800 50.000 250.000 17/6 122.000 38.000 19/6 156.000

38.900 178.000 21/6 500.000

21/6 100.000 23/6 1.088.562 24/6 69.300 25/6 107.600 27/6 92.600 20.000 28/6 75.800

15

29/6 296.000 30/6 130.000 Bal: 6.866.838

VND

EQUIPMENT

Dr 2/6 276.000VND Cr Bal: 276.000VND

LIABILITIES

ACCOUNT PAYABLE

Dr 0VND

Cr 0VND Bal: 0VND

19/6 21.000

17.900

Cr

Bal: 42 00 VND 9

ALLOWANCE SISTER REVENUE

3/6 500.000VND 21/6 500.000 Bal: 1.000.000 VND LOANS REVENUE

10/6 5.000.000VND Bal: 5.000.000 VND FOOD EXPENSES

VIETTEL SERVICE EXPENSE

TOYS EXPENSE

Dr

17/6 34.000VND

Cr Bal: 34.000 VND

PERSONAL CARE EXPENSE

Dr

19/6 135.000VND

25/6 79.000

Cr

2 Prepare the trial balance, the adjusted trial balance, the income

statement, and the statement of cash flows

CLOSING REVENUE ACCOUNTS

30/6 Allowance sister revenue 1.000.000

VND Allowance parental revenue 4.000.000

20

30/6 Income summary 8.090.762 VND

Depreciation expense Equipment – 14.000

Depreciation expense Laptop – 250.000VND Depreciation expense Phone Iphon– 150.000 Depreciation expenses Motorbike – 62.500

THE POST-CLOSING TRIAL BALANCE FOR THE MONTH ENDED JUNE 30TH, 2023 Account Debit Credit

21

VND

Accumulated depreciation - Equipme 14.000 VND

Accumulated depreciation Laptop – 250.000 Accumulated depreciation Phone –

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

Depreciation expense - Equipme 0

Depreciation expense Laptop – 0

Unit: VND

Personal care expense 510.000

Viettel service expense 200.000

Funtional food expense 390.000

Depreciation expense Phone Iphone– 150.000

Accumulated depreciation Pho–

Personal care expense 510.000

Viettel service expense 200.000

Funtional food expense 390.000

24

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

Depreciation expense Equipment– 14.000

Depreciation expense Laptop – 250.000

Depreciation expense Phone –

Personal care expense 510.000

Viettel service expense 200.000

Funtional food expense 390.000

Revenue

Wage of part-time job 4.800.000 VND

Allowance parental revenue 4.000.000

Allowance sister revenue 1.000.000

Personal care expense 510.000

Viettel service expense 200.000

Funtional food expense 390.000

Condiments expense 20.000

VND

26

Net income: 6.709.2VND

Unit: VND The statements of cash flow

STATEMENT OF CASH FLOW FOR THE MONTH ENDED JUNE 30TH, 2023 (VND)

Cash flow on operating activities

Wage of first part-time job 4.800.000 VND

Allowance parental revenue 4.000.000

Allowance sister revenue 1.000.000

Cash pay for Rent (2.400.000)

Cash pay for Utilities (1.508.562)

Cash pay for Food (705.700)

Cash pay for Drugs (750.000)

Cash pay for Clothing (528.000)

Cash pay for Travel (350.000)

Cash pay for Beverage (218 00) 0

Cash pay for Personal care (510.000)

Cash pay for Viettel service (200.000)

Cash pay for Funtional food (390.000)

Cash pay for Condiments (20.000)

Cash pay for Toys expense (34.000)

Net cash provided by operating

Cash flows from investing activities:

Purchase of equipment (276.000)

Net cash used in investing activities (276.000)

27

VND

Unit:VND

3 Shelf comment about your budget plan and how to improve next

month (at least 300-500 words)

After the end of June and tracking my revenue and expenses, I realized that I was able to control my spending, but my expenses were not optimized and scientific

My monthly income comes from part-time jobs, interest and allowances from relativesalways remind myself that I only use the profit, the money from the part-time job, and

do not use the allowance from relatives about 5,000,000 VND per month This grant Iwant to save so that I can pay tuition fees for self-development skills courses Besidefeel that the expenses are not optimized and scientific that is fast food, drinks, clothespersonal care Besides, because my resistance is weak, I need it I use medicines afunctional foods to improve my health, however I understand that taking them for a lontime will make me dependent on them

So the solution I came up with for myself for the next month is to have a detailedplan for fixed and incidental expenses

First, for fixed expenses I need to keep the amount to be paid separately so it wo

be confused with other expenses because sometimes I can't remember how much I pThe fixed cost is the minimum I can survive for 1 month, so even if I need money to dother things, I can't take this money away Secondly, for the cost of food and medicincan save by eating at home and I need to be active or exercise, which is both good fohealth and can save money Because I love shopping, I often spend a lot of money onclothes shopping, personal care, so the solution to this problem is to delete online shopping applications Finally, the costs incurred, I did not take into account the costsincurred such as problems with appliances, health, or simply an unexpected motorbikrepair So the solution to this problem is to budget an extra amount of about 1,000,00VND, if not used, I will put it in my savings

Above are the goals and plans I set for myself next month to be able to optimize costs and use them scientifically