INDIVIDUAL

ASSIGNMENT
ANH DAO KINDERGARTEN


2/21/2013
INDIVIDUAL PRINCIPLES OF ACCOUNTING
1

Topic: Pick up a company that you are interested in, choose some business
deals of that company, analyze and record these transactions (at least 10
transactions) through journal entries and T-accounts.
I . Overview of transactions
These are some transactions of Anh Dao Kindergarten in January 2013.
- On 16
th
January, 2013, Anh Dao paid 6,408,929 VND cash for this months
utilities bill. The school also earned 1,570,000 VND by student.
- The school purchased Saigon toilet-paper for 1,500,000 VND cash on 18
th
,
January 2013.
- On 21
st
, January 2013, the school paid 1,212,100 VND cash for Vegefoods
Company for supplies.
- On 21
st
, January 2013, the school paid salaries worth 8,625,000 VND for
Tan Van Language School to teach English. And paying 8,625,000 VND in
cash for teaching Art.
- The school purchased supplies for 748,550 VND cash on 22
nd
, January 2013
and paid 1,872,000 VND in cash for utility bill.
- On 23
rd
, January, 2013, the school earned 1,598,000 VND by cash.
- On 25
th
, January 2013, Anh Dao purchased 80,000 VND of printing ink for
Bao Hung Company in cash.
- On 26
th
, January 2013, Anh Dao paid 473,400 VND cash for supplies.
I I . Transaction analysis
1. Jan 16
th
Utilities expense 6,408,929
Cash 6,408,929
Paid cash for utilities bill
INDIVIDUAL PRINCIPLES OF ACCOUNTING
2

2. Jan 16
th
Cash 1,570,000
Fees earned 1,570,000
Record fees earned by cash
3. Jan 18
th
Utilities expense 1,500,000
Cash 1,500,000
Paid cash for utilities bill
4. Jan 21
st
Supplies 1,212,100
Cash 1,212,100
Purchased supplies by cash
5. Jan 21
st
Salaries expense 8,625,000
Cash 8,625,000
Paid cash for salaries to teach English
6. Jan 21
st
Salaries expense 8,625,000
Cash 8,625,000
Paid cash for salaries to teach Art
7. Jan 22
nd
Supplies 748,550
Cash 748,550
Purchased supplies by cash
8. Jan 22
nd
Utility expenses 1,872,000
INDIVIDUAL PRINCIPLES OF ACCOUNTING
3

Cash 1,872,000
Paid utilities bill
9. Jan 23
rd
Cash 1,598,000
Fees earned 1,598,000
Record fees earned by cash
10. Jan 25
th
Printing ink expenses 80,000
Cash 80,000
Purchased printing ink by cash
11. Jan 26
th
Supplies 473,400
Cash 473,400
Purchased supplies in cash

INDIVIDUAL PRINCIPLES OF ACCOUNTING
4


I I I . T-accounts
Cash (101)
(2) 1,570,000
(9) 1,598,000
(1) 6,408,929
(3) 1,500,000
(4) 1,212,100
(5) 8,625,000
(6) 8,625,000
(7) 748,550
(8) 1,872,000
(10) 80,000
(11) 473,400
Balance: 26,376,979

Supplies (126)
(4) 1,212,100
(7) 748,550
(11) 473,400

Balance: 2,434,050

Revenue (403)
(2) 1,570,000
(9) 1,598,000
Balance: 3,168,000

INDIVIDUAL PRINCIPLES OF ACCOUNTING
5

Salaries Expense (622)
(5) 8,625,000
(6) 8,625,000

Balance: 17,250,000

Utilities Expense (690)
(1) 6,408,929
(4) 1,500,000
(8) 1,872,000
(10) 80,000

Balance: 9,860,929

I V. Reference
- Transaction 1:
INDIVIDUAL PRINCIPLES OF ACCOUNTING
6

- Transaction 2:










- Transaction 3:











INDIVIDUAL PRINCIPLES OF ACCOUNTING
7

- Transaction 4:








INDIVIDUAL PRINCIPLES OF ACCOUNTING
8

- Transaction 5:
- Transaction 6:


INDIVIDUAL PRINCIPLES OF ACCOUNTING
9

- Transaction 7:


INDIVIDUAL PRINCIPLES OF ACCOUNTING
10

- Transaction 8:













- Transaction 9:










INDIVIDUAL PRINCIPLES OF ACCOUNTING
11

- Transaction 10:













INDIVIDUAL PRINCIPLES OF ACCOUNTING
12

- Transaction 11: