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INDIVIDUAL ASSIGNMENTS ACCOUNTING PRINCIPLES

Topic: Record your transactions for the month ended June 30, 2023

<b>Name: NGÔ THỊ NGỌC ÁNH </b>

Student ID: HS173429 Class: MKT1808 Subject: ACC101

<b>Lecturer: NGUYỄN THANH HUYỀN </b>

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200.000VND for Equipment in Aloha supermarket

2. _{On June 2 , I paid 276.000VND for}<small>st</small>

Equipment in Aloha supermarket

3. _{On June 2 , I paid 35.000VND cash fo}<small>st</small>

Food supermarket

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<small>3 </small>

4. On June 2 , I paid 50.000VND cash foBeverage supermarket

5. On June 3 , I paid 100.000VND for <small>st</small>

Viettel sevice in TPBank

6. On June 3 , I receivable 500.000VND<small>st</small>

from my sister allowance.

7 _{On June 3 I paid 750.00VND on cas}<small>st</small>, for Drugs in PANASUN PHARMA

8 _{On June 3 , I paid 100.000VND for}<small>st</small>

Beverage in Chasting.

9 _{On June 5}<small>st</small>, I_{paid 2.400.000VND for}rent.

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4.000.000VND on cash from my parental allowance.

13 On June 10 , I receivable <small>st</small>

5.000.000VND on cash from 100.000.000 loans with 5% interest). 14 On June 10<small>st</small>, I received my salaries ocash is 4.800.000 VND from my part-time job.

15 _{On June 10}<small>st</small>, I_{paid 420.000VND for}utilities.

16 On June 15<small>st</small>, I paid 350.000VND for clothing.

17 On June 15<small>st</small>, I paid 260.000VND on cash for Functional foods in SunshinePharmacy.

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<small>5 </small>

18 On June 16 , I paid 45.800VND on cafor food in Mango

food and condiments in Aloha supermarket.

22 _{On June 17}<small>st</small>, I_{paid 38.000VND on}cash for toys and supplies in Aloha supermarket.

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<small>6 </small>

23 On June 19 , I paid 156.000VND for supplies and skincare product in Alohasupermarket.

24 _{On June 19}<small>st</small>, I_{paid 38.900VND for}supplies and food in Manh Quan supermarket.

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<small>7 </small>

27 On June 21 , I paid 100.000VND for Viettel service.

28 On June 23<small>st</small>, I paid 1.088.562VND cafor utilities.

29 On June 24<small>st</small>, I paid 69.300VND for food in Manh Quan supermarket.

30 _{On June 25}<small>st</small>, I_{paid 107.600VND for}food and body care products in ManhQuan supermarket.

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33 _{On June 28}<small>st</small>, I_{paid 75.800VND for}food and beverage in Manh Quan supermarket.

34 On June 29<small>st</small>, I paid 296.000VND forSkincare products Sunshine Pharmac

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<small>10 </small>

June 2

June 3

Viettel service expense 100.000 Cash

(Paid for viettel service)

100.000

Revenue (Revenue from sister allowance)

500.000

Beverage expense 100.000 Cash

Drugs expense 750.000 Cash

June 5

Rent expense 2.400.000 Cash

June 7

Cash

Travel expense 100.000 Cash

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<small>11 </small>

June 10

Revenue (Revenue from parental allowance)

4.000.000

Revenue

(Revenue from 100.000.000 loans with 5% interest)

Cash (Paid for clothing)

350.000 Functional foods expense 260.000

Cash

(Paid for Functional foods)

260.000

June 16

Cash

Beverage expense 50.000 Cash

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) ^38.000Supplies expense 21.000

Personal care expense 135.000

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<small>12 </small>

June 19

(Paid for food and supplies) ^38.900

Cash (Paid for clothing)

178.000

June 21

Revenue (Revenue from sister allowance)

Utilities expense 1.088.562 Cash

(Paid for utilities) ^1.088.562June

Personal care expense 79.000

Food expense 64 00 .8

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<small>13 </small>

June

28 ^{Beverage expense} Cash ^11.000

(Paid for food and beverage) ^75.800June

Functional foods expense 130.000 Cash

(Paid for Functional foods) ^130.000Depreciation expenses -

Accumulated depreciation- Equipment

(Record depreciation –Motorbike)

62.500

Unit: VND

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<small>14 </small>

STEP 3: Post to the ledger.

ASSETS CASH

2/6 200.000VND 276.000 35.000 50.000 3/6 500.000 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

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<small>15 </small>

29/6 296.000 30/6 130.000 Bal: 6.866.838

VND

EQUIPMENT Dr

2/6 276.000VND ^Cr Bal: 276.000VND

<small> </small>LIABILITIES

ACCOUNT PAYABLE Dr

0VND

Cr 0VND Bal: 0VND

EQUITY

WAGES REVENUE

10/6 4.800.000VND SUPPLIES

Dr 17/6 4.000VND 19/6 21.000

17.900

Cr

Bal: 42 00 VND .9

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<small>16 </small>

Bal: 4.800.000 VND ALLOWANCE PARENTAL REVENUE

10/6 4.000.000VND Bal: 4 00.000 VND .0

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

2/6 200.000VND 35.000 7/6 33.600 16/6 45.800 17/6 102.000 19/6 21.000 24/6 69.300 25/6 28.600 27/6 92.600 13.000 28/6 64.800

Bal: 705.700 VND

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<small>17 </small>

BEVERAGE EXPENSES

2/6 50.000VND 3/6 100.000 16/6 50.000 27/6 7.000 28/6 11.000

Bal: 218.00 VND

RENT EXPENSE Dr

5/6 2.400.000VND

Cr Bal: 2.400.000 VND

UTILITIES EXPENSE Dr

10/6 420.000VND 23/6 1.088.562

Cr

Bal: 1.508.562 VND

CLOTHING EXPENSE Dr

15/6 350.000VND 19/6 178.000

Cr

Bal: 528.000 VND

DRUGS EXPENSE Dr

3/6 750.000VND

Cr Bal: 750.000 VND

VIETTEL SERVICE EXPENSE

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<small>18 </small>

Dr 3/6 100.000VND 21/6 100.000

Cr

Bal: 200.000 VND

TRAVEL EXPENSE Dr

10/6 100.000VND 16/6 250.000

Cr

Bal: 350.000 VND

FUNCIONAL FOODS EXPENSE

Dr 15/6 260.000VND 30/6 130.000

Cr

Bal: 390.000 VND

CONDIMENTS EXPENSE Dr

17/6 20.000VND

Cr Bal: 20.000 VND

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

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<small>19 </small>

29/6 296.000 Bal: 510.000 VND

DEPRECIATION EXPENSES Dr

30/6 250.000VND 150.000 62.500 14.000

CLOSING REVENUE ACCOUNTS

30/6 Allowance sister revenue 1.000.000 VND Allowance parental revenue. 4.000.000

Income summary (To close revenue)

14.800.000VND

Unit: VND

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<small>20 </small>

30/6 ^{Income summary} ^8.090.762VND

Depreciation expense Equipment – 14.000

Depreciation expense Laptop – ^250.000VNDDepreciation expense Phone Iphon– ^150.000Depreciation expenses Motorbike – ^62.500

Toys expense (To close expense)

<small>Unit: VND </small> CLOSING INCOME SUMMARY ACCOUNT

30/6 Income summary 6.709.238 VND

Retained Earnings

( To close income summary account) 6.709.238 VND

Unit: VND

CLOSING INCOME SUMMARY ACCOUNT

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

Account Debit Credit

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<small>21 </small>

VND

Accumulated depreciation - Equipme 14.000 VND

Accumulated depreciation Laptop – ^250.000Accumulated depreciation Phone –

THE UNADJUSTED TRIAL BALANCE FOR THE MONTH ENDED JUNE 30 , 2023 <small>th</small>

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Personal care expense 510.000

Viettel service expense 200.000

Funtional food expense 390.000

Condiments expense 20.000

VND ^14.800.000VND

Unit: VND STEP 6: PREPARE THE ADJUSTMENTS

June 30

Depreciation expense Equipment – 14.000VND

Accumulated depreciation –Equipment

(Record depreciation Equipment) –

14.000VND

Depreciation expense Laptop – 250.000

Accumulated depreciation –Laptop

(Record depreciation laptop) –

250.000

Depreciation expense Phone Iphone– 150.000

Accumulated depreciation Pho–Iphone

(Record depreciation Phone Iphone)–

150.000

Depreciation expense Motorbike – 62.500

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<small>23 </small>

Accumulated depreciation –Motorbike

(Record depreciation Motorbike) –

THE TRIAL BALANCE

FOR THE MONTH ENDED JUNE 30TH, 2023

Personal care expense 510.000

Viettel service expense 200.000

Funtional food expense 390.000

VND ^14.800.000VND Unit: VND

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<small>24 </small>

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

Depreciation expense Motorbik– ^62.500Rent expense _2.400.000Supplies expense _42.900Utilities expense 1.508.562

Personal care expense 510.000

Viettel service expense 200.000

Funtional food expense 390.000

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STEP 9: PREPARE STATEMENTS

Income statement

Personal care expense 510.000

Viettel service expense 200.000

Funtional food expense 390.000

Condiments expense 20.000

VND

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<small>26 </small>

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)

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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 wobe 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<small>. </small>

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