JOURNALIZE THE FOLLOWING TRANSACTIONS: 2017 June 1- Peter invested cash amounting to Php 100,000 to the Peter's Car Wash business. 2- Paid Php 5,000 to Mr. Jose for all the business licenses requirements. 5- Purchased office supplies amounting to Php 2,500 from National Book Store. 6- The business paid rent for the month amounting Php 10,000 to Mrs. Cruz plus 2 months advance rent deposit amounting to 20,000. 7- Purchased car wash equipment amounting to Php 55,000 from ACNE Inc. and paid 25% down payment with the balance to be paid in 6 equal monthly installment subject to 5% interest. 9- Purchased car wash supplies from GEO Enterprises amounting to Php 7.500 15- Rendered services to various clients and per official receipts, the total amount received totaled to Php 18,000. 16- Paid the salary for the half month amounting to Php 9,000 22- Rendered car wash services on account amounting to Php 12,000. 24-Cash received for the services rendered for the week amounts to Php 15,000 27- Collected Php 6,000 from customers who availed of services on account. 29- Peter withdrew Php 3,000 cash from the business 30-Paid the salary for the last half of the month amounting to Php 9,000 30-Offices supplies used was only Php 500 while car wash supplies. Used amounts to Php 3.500. 30- Paid Php 4,000 for water and electricity consumption for the month.
JOURNALIZE THE FOLLOWING TRANSACTIONS: 2017 June 1- Peter invested cash amounting to Php 100,000 to the Peter's Car Wash business. 2- Paid Php 5,000 to Mr. Jose for all the business licenses requirements. 5- Purchased office supplies amounting to Php 2,500 from National Book Store. 6- The business paid rent for the month amounting Php 10,000 to Mrs. Cruz plus 2 months advance rent deposit amounting to 20,000. 7- Purchased car wash equipment amounting to Php 55,000 from ACNE Inc. and paid 25% down payment with the balance to be paid in 6 equal monthly installment subject to 5% interest. 9- Purchased car wash supplies from GEO Enterprises amounting to Php 7.500 15- Rendered services to various clients and per official receipts, the total amount received totaled to Php 18,000. 16- Paid the salary for the half month amounting to Php 9,000 22- Rendered car wash services on account amounting to Php 12,000. 24-Cash received for the services rendered for the week amounts to Php 15,000 27- Collected Php 6,000 from customers who availed of services on account. 29- Peter withdrew Php 3,000 cash from the business 30-Paid the salary for the last half of the month amounting to Php 9,000 30-Offices supplies used was only Php 500 while car wash supplies. Used amounts to Php 3.500. 30- Paid Php 4,000 for water and electricity consumption for the month.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:JOURNALIZE THE FOLLOWING TRANSACTIONS:
2017
June
1- Peter invested cash amounting to Php 100,000 to the Peter's Car Wash business.
2- Paid Php 5,000 to Mr. Jose for all the business licenses requirements.
5- Purchased office supplies amounting to Php 2,500 from National Book Store.
6- The business paid rent for the month amounting Php 10,000 to Mrs. Cruz plus 2 months advance rent
deposit amounting to 20,000.
7- Purchased car wash equipment amounting to Php 55,000 from ACNE Inc. and paid 25% down
payment with the balance to be paid in 6 equal monthly installment subject to 5% interest.
Purchased car wash supplies from GEO Enterprises amounting to Php 7.500
15- Rendered services to various clients and per official receipts, the total amount received totaled to
Php 18,000. 16- Paid the salary for the half month amounting to Php 9,000
22- Rendered car wash services on account amounting to Php 12,000.
24-Cash received for the services rendered for the week amounts to Php 15,000 27- Collected Php 6,000
from customers who availed of services on account.
29- Peter withdrew Php 3,000 cash from the business
30-Paid the salary for the last half of the month amounting to Php 9,000 30-Offices supplies used was
only Php 500 while car wash supplies. Used amounts to Php 3.500.
30- Paid Php 4,000 for water and electricity consumption for the month.
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