BUSINESS PLAN

IN BUSINESS ETHICS
CHOCO
COFFEE
CREAMY
(LOCATED IN SESSION ROAD BAGUIO)

‘’ ISIPING MABUTI ANG GAGAWING HAKBANG PARA MAPAGTAGUMPAYAN MO ANG IYONG

SUBMITTED BY:

ERICA ELERIA

RHEYNA VILLEGAS

(GRADE 12 ABM-B)

SUBMITTED TO:

MA’AM GWENDA NICOMEDEZ

Address: Kapayapaan, Anonang, San Fabian Pangasinan

Gender: Female

Age: 18

Birthday: January 6, 2002

Birthplace: Macayug, San Jacinto Pangasinan

Civil Status: Single

Religion: Roman Catholic

Mother Name: Gloria C. Eleria

Occupation: House Wife

Father Name: Donato F. Eleria

Occupation: Driver

Educational Background

Primary:

Anonang Elementary School (2013- 2014)

(Anonang, San Fabian, Pangasinan)

Secondary:

Anonang, National High School (2017 – 2018)

(Anonang San Fabian Pangasinan)

San Jacinto National High School (2018 up to Present)

(Capaoay, San Jacinto Pangasinan)

Address: 514. Barangay Casibong, San Jacinto, Pangasinan

Gender: Female

Age: 18

Birthday: July 7, 2001

Birthplace: Casibong San Jacinto, Pangasinan

Civil Status: Single

Religion: Roman Catholic

Mother Name: Marivic R. Villegas

Occupation: House Wife

Father Name: Reynaldo A. Villegas

Occupation: Carpenter

Educational Background

Primary:

Casibong Elementary School (2013- 2014)

(Casibong San Jacinto, Pangasinan)

Secondary:

San Jacinto, National High School (2017 – 2018)

(Guibel San Jacinto, Pangasinan)

San Jacinto National High School (2018 up to Present)

(Capaoay, San Jacinto Pangasinan)

TRANSACTION
Choco Coffee Creamy was registered as a Partnership with Milk Tea Company. Erica
Eleria and Rheyna Villegas are the owner. The company used the Periodic Inventory System.
Case problem Choco Coffee Creamy Restaurant.

(Date) JULY
01 E. R. invest capital of Php 400,000.
02 Bought equipment for restaurant Php 50,000.
Bought product of service company from Villegas Php 50,000.
05 Bought supplies cash basis for Php 20,000.
08 Sold merchandise on account Php 20,000.
09 Received credit from Villegas Company for product returned Php 1,000.
10 Paid Villegas
13 Collected from July 8 customer.
14 Bought Product of service on cash basis Php 5,000.
15 Salaries paid Php 2,000.
20 Borrowed money from Faug Bank, signed a promissory note for Php 20,000.
21 Received refund from a supplier on cash on July 14, Php 500.
25 Bought products of service from Erika Company Php 20,000 terms 2/10, n/30.
26 Sold merchandise for Php 300,000.
27 Paid Erika Company on July 25 purchase 10,000. No discount allowed on partial
payment.
29 E.R. withdraw from the business Php 10,000.
31 Paid the following, Advertising Php 2,000 , Utilities Php 3,000 , Rent Php 5,000 , Salaries
Php 3,500. Inventories Php 25,000.
 Choco Coffee Creamy
Journal Entry

Date Particulars Dr Cr
July 01 Cash Php 400,000
E.R. Capital Php 400,000
02 Equipment 50,000
Cash 50,000
Purchase/Service 50,000
Accounts Payable 50,000
05 Supplies 20,000
Cash 20,000
08 Accounts Receivable 20,000
Sale 20,000
09 Accounts Payable 1,000
Purchase/Service Return&Allowances 1,000
10 Accounts Payable 49,000
Cash 49,000
13 Cash 10,000
Accounts Receivable 10,000
14 Purchase/Service 5,000
Cash 5,000
15 Salaries Expense 2,000
Cash 2,000
20 Cash 20,000
Notes Payable 20,000
21 Cash 500
 Purchase/Service Return&Allowances 500
25 Purchase/Service 20,000
Accounts Payable 20,000
26 Cash 300,000
Sale 300,000
27 Accounts Payable 10,000
Cash 10,000
29 E.R. Drawings 10,000
Cash 10,000
31 Advertising Expense 2,000
Utilities Expense 3,000
Rent Expense 5,000
Salaries Expense 3,500
Cash 13,500
 Choco Coffee Creamy

DATE ITEM CASH BALANCE

LEDGER

July Dr Cr Dr Cr
01 Invest capital Php 400,000 Php 400,000
02 Bought equipment 50,000 350,000
05 Bought Supplies 20,000 330,000
10 Paid Product 49,000 281,000
13 Collected Cash 10,000 291,000
14 Bought Product 5,000 286,000
15 Paid expenses 2,000 284,000
20 Borrowed money 20,000 304,000
21 Refund from supplier 500 304,500
26 Record sales 300,000 604,500
27 Paid Product 10,000 594,500
29 Withdrawal 10,000 584,500
31 Paid expenses 13,500 Php571,000

DATE ITEM ACCOUNTS RECEIVABLE BALANCE

JULY Dr Cr Dr Cr
08 Sale on credit Php 20,000 Php 20,000
13 Collected Cash 10,000 Php 10,000
JULY Dr Cr Dr Cr
05 Bought Supplies Php 20,000 Php 20,000
DATE ITEM SUPPLIES BALANCE

JULY Dr Cr Dr Cr
31 To close sales Php 25,000 Php 25,000
DATE ITEM MERCHANDISE INVENTORY BALANCE

DATE ITEM EQUIPMENT BALANCE

JULY Dr Cr Dr Cr
02 Bought equipment Php 50,000 Php 50,000

July Dr Cr Dr Cr
02 Bought equipment Php 50,000 Php 50,000
09 Return 1,000 49,000
10 Paid product 49,000 0
25 Bought product 20,000 20,000
27 Paid product 10,000 Php 10,000
DATE ITEM ACCOUNTS PAYABLE BALANCE