April 1-Withdrew P67,000 from a personal savings account and used it to open a new account in the name of Alabang Plumbing. April 2- Acquired a service vehicle costing P81,000. A payment of P17,500 in cash was made and a noted was issued for the balance of P63,500. April 3- Paid rent for the month, P 7,150. April 6- Acquired plumbing supplies on account for P15,700. April 7- Paid for three months of advertising and use the asset approach in recording the payment P6,000. April 8- Cash in the amount of P18,35Q was received for plumbing services rendered. April 9- Acquired additional plumbing supplies for cash P8,050. April 11- Paid salaries P11,600 April 15- Rendered plumbing services and billed the customer for P42,200. April 16- Paid P5,700 of the amount owed from the transaction of April 6. April 19- Paid miscellaneous expenses, P4,300. April 20- Collected P21,000 from the customer on April 15 transaction. April 21- Withdrew P14,500 from the business. April 22 - Paid the salaries of workers P14,100. April 24 - Paid the 1* installment of the note payable P3,850. April 25 – Paid telephone subscription P1,500. April 27- Billed the Clement Resort for plumbing services rendered P 14,150 April 29 - Received from customer amounting to P50,000 for services to be rendered in the future. CHART OF ACCOUNT Cash; Accounts Receivable; Plumbing Supplies; Prepaid Advertising; Service Vehicle; Notes Payable; Accounts payable; Unearned Plumbing revenues; accrued expenses; Salaries Payable; Omotoy Capital; Omotoy withdrawals; Plumbing Revenues; Salaries Expense; Rent Expense; Telephone Expense; Miscellaneous Expense; Light and Power; Depreciation Expense; Advertising Fynense
April 1-Withdrew P67,000 from a personal savings account and used it to open a new account in the name of Alabang Plumbing. April 2- Acquired a service vehicle costing P81,000. A payment of P17,500 in cash was made and a noted was issued for the balance of P63,500. April 3- Paid rent for the month, P 7,150. April 6- Acquired plumbing supplies on account for P15,700. April 7- Paid for three months of advertising and use the asset approach in recording the payment P6,000. April 8- Cash in the amount of P18,35Q was received for plumbing services rendered. April 9- Acquired additional plumbing supplies for cash P8,050. April 11- Paid salaries P11,600 April 15- Rendered plumbing services and billed the customer for P42,200. April 16- Paid P5,700 of the amount owed from the transaction of April 6. April 19- Paid miscellaneous expenses, P4,300. April 20- Collected P21,000 from the customer on April 15 transaction. April 21- Withdrew P14,500 from the business. April 22 - Paid the salaries of workers P14,100. April 24 - Paid the 1* installment of the note payable P3,850. April 25 – Paid telephone subscription P1,500. April 27- Billed the Clement Resort for plumbing services rendered P 14,150 April 29 - Received from customer amounting to P50,000 for services to be rendered in the future. CHART OF ACCOUNT Cash; Accounts Receivable; Plumbing Supplies; Prepaid Advertising; Service Vehicle; Notes Payable; Accounts payable; Unearned Plumbing revenues; accrued expenses; Salaries Payable; Omotoy Capital; Omotoy withdrawals; Plumbing Revenues; Salaries Expense; Rent Expense; Telephone Expense; Miscellaneous Expense; Light and Power; Depreciation Expense; Advertising Fynense
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Help me journalize this.
Chart of accounts are already given
Transcribed Image Text:April 1- Withdrew P67,000 from a personal savings account and used it to open a new
account in the name of Alabang Plumbing.
April 2- Acquired a service vehicle costing P81,000. A payment of P17,500 in cash was
made and a noted was issued for the balance of P63,500.
April 3- Paid rent for the month, P7,150.
April 6- Acquired plumbing supplies on account for P15,700.
April 7- Paid for three months of advertising and use the asset approach in recording
the payment P6,000.
April 8- Cash in the amount of P18,35Q was received for plumbing services
rendered. April 9- Acquired additional plumbing supplies for cash P8,050.
April 11- Paid salaries P11,600
April 15- Rendered plumbing services and billed the customer
for P42,200. April 16- Paid P5,700 of the amount owed from the
transaction of April 6. April 19- Paid miscellaneous expenses,
P4,300.
April 20- Collected P21,000 from the customer on April 15
transaction. April 21- Withdrew P14,,500 from the business.
April 22 - Paid the salaries of workers P14,100.
April 24 - Paid the 1* installment of the note
payable P3,850. April 25 – Paid telephone
subscription P1,500.
April 27- Billed the Clement Resort for plumbing services rendered P 14,150
April 29 - Received from customer amounting to P50,000 for services to be rendered in the future.
CHART OF ACCOUNT
Cash; Accounts Receivable; Plumbing Supplies; Prepaid Advertising; Service Vehicle; Notes
Payable; Accounts payable; Unearned Plumbing revenues; accrued expenses; Salaries Payable;
Omotoy Capital; Omotoy withdrawals; Plumbing Revenues; Salaries Expense; Rent Expense;
Telephone Expense; Miscellaneous Expense; Light and Power; Depreciation Expense;
Advertising Expense
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