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January 1, 2025 The owners of the business invested Php 1,000,000.00 for
Renegade’s start-up.
January 3, 2025 The owners of the business signed a contract with the building
owner in order to rent the building for Php 20,000.00 to be paid
monthly. The rent expense does not cover the utilities expense.
The business’ financial accountant estimated the utilities expense
to be around Php 35,000.00. They have also agreed that the
owner of the building would not need to pay for the month of
January, and instead, a debt would occur wherein the business
owners must pay him double the same utilities and rent expense
amounts by February 14, 2025.
January 6, 2025 The owners of the business then decided to buy the electronics to
be used in the business, those of which include the 4 PS4s that
cost Php 20,000.00 each, 4 televisions that cost Php 10,000.00
each, a home desktop to be used by the cashier that costs Php
15,000.00. The electronics cost Php 135,000.00 in total.
January 9, 2025 The owners of the business bought the supplies needed for the
business. The Office Supplies cost Php 5,000.00. They also
bought cleaning supplies that cost Php 2,000.00. The games for
the PS4 were bought as well, amounting to Php 10,000.00 in total.
January 13, 2025 As soon as the equipment were bought, the business owners
decided to buy furniture including 4 bean bags that cost Php
2,000.00 each, 4 sofas which cost Php 3,500.00 each, and 4
tables that cost Php 4,500.00. The furniture all in all costs Php
40,000.00.
January 21, 2025 The owners of the business decided to buy the KTVs needed for
the business. They decided to buy 4 KTVs that cost Php 7,499.00
each.
January 22, 2025 The business owners set this date to comply with the legal
expenses for the employees, inclusive of insurances such as SSS,
PhilHealth, and PAG-IBIG. The employees were informed that the
monthly payments will be deducted from their monthly salary of
14,400.00. The insurances amount to Php 420.00 per month.
February 5, 2025 One of the customers availed the gaming services of the business
for the whole day. His bill amounted to Php 2,100.00. He paid on
credit that would be received by March 5, 2025.
February 9, 2025 The business owners collected the weekly revenue of Php
75,600.00.
February 13, 2025 The business owners gave the salary of Php 7,200.00 for the six
employees.
February 14, 2025 The business owners paid for the first and second month of Rents
and Utilities Expenses.
February 16, 2025 The business owners collected the weekly revenue of Php
75,600.00
February 20, 2025 5 customers decided to play for the whole day. They played
Billiards for 4 hours, used all the PS4 stations for 4 hours, and
used the KTV for 2 hours. The bill amounted to Php 3,850.00.
They did not have cash at hand, so they decided to use their
credit cards. The amount would be received by March 7, 2025.
February 23, 2025 The business owners collected the weekly revenue of Php
75,600.00
February 26, 2025 The business owners observed that one of the billiards tables had
a broken leg. They decided to get someone to repair it. The repair
costs Php 250.00.
February 27, 2025 The business owners gave the salary of
Php 6,780.00 for the six employees.
March 2, 2025 The business owners collected the weekly revenue of Php
75,600.00.
March 5, 2025 The business owners collected the debt of the customer made last
February 5, 2025.
March 7, 2025 The business owners collected the debt of the customer made last
February 20, 2025.
March 9, 2025 The business owners collected the weekly revenue of Php
75,600.00.
March 10, 2025 The business owners withdrew Php 20,000.00 for a company
party.
March 14, 2025 The business owners paid the Rent and Utilities Expenses.
March 17, 2025 The business owners made an event for the children under the
Kabataan Iwas Droga Movement, Inc. (KID Movement) and
Mission to Help the Poor Association Group, Inc.
(MITOHETPO). The service fees were lifted, wherein the
representation expense amounted to Php 75,600.00.
March 20, 2025 On one occasion, it has been observed that the home desktop
used by the employees had a virus. The owners called a
technician over to take care of the situation and to install an
antivirus. It amounted to Php 2,500.00.