Evangeline Jamili Landscaping Services has the following completed transactions. Prepare the journal entries for the March transactions. Use the following accounts: Cash: Accounts Receivale; Prepaid Insurance; Equipment; Accounts Payable; Jamili, Capital; Jamili, Withdrawals; Landscaping Revenues; Salaries Expense; Rent Expense; Gas and Oil Expense; Supplies Expense and Utilities Expense Jamili deposited P200,000 in a bank account in the name of the business. Jamili invested personal gardening equipment amounting to P10,000 in the business. Mar. 1 4 6. Bought a used trailer on account from Sala Sales, P8,500. Paid rent for the month, P6,000. 7. Bought a used backhoe from Mobile Equipment, P62,000, paying P30,000 in cash and the balance on account. 6. 10 Bought insurance for one year, P9,000. Performed landscaping services on account for Tindoy Restaurant, P34,200. 13 Bought supplies on account from Office Décor, P2,400. Performed landscaping services on account for Urios University, P25,600. Received and paid the bill from De Leon Services for gas and oil for the equipment, P1,400. Performed landscaping services for Calimpusan on cash basis, P18,800. Paid accounts to Sala Sales, P4,000. Collected accounts from Tindoy Restaurant, P7,000. Performed landscaping services on account for Gucela Resort, P16,250. Received and paid the telephone bill, P1,860. Paid the salaries of the employees, P13,400. Jamili withdrew cash for personal use, P14,000. 19 22 24 28 29 30 31 457
Evangeline Jamili Landscaping Services has the following completed transactions. Prepare the journal entries for the March transactions. Use the following accounts: Cash: Accounts Receivale; Prepaid Insurance; Equipment; Accounts Payable; Jamili, Capital; Jamili, Withdrawals; Landscaping Revenues; Salaries Expense; Rent Expense; Gas and Oil Expense; Supplies Expense and Utilities Expense Jamili deposited P200,000 in a bank account in the name of the business. Jamili invested personal gardening equipment amounting to P10,000 in the business. Mar. 1 4 6. Bought a used trailer on account from Sala Sales, P8,500. Paid rent for the month, P6,000. 7. Bought a used backhoe from Mobile Equipment, P62,000, paying P30,000 in cash and the balance on account. 6. 10 Bought insurance for one year, P9,000. Performed landscaping services on account for Tindoy Restaurant, P34,200. 13 Bought supplies on account from Office Décor, P2,400. Performed landscaping services on account for Urios University, P25,600. Received and paid the bill from De Leon Services for gas and oil for the equipment, P1,400. Performed landscaping services for Calimpusan on cash basis, P18,800. Paid accounts to Sala Sales, P4,000. Collected accounts from Tindoy Restaurant, P7,000. Performed landscaping services on account for Gucela Resort, P16,250. Received and paid the telephone bill, P1,860. Paid the salaries of the employees, P13,400. Jamili withdrew cash for personal use, P14,000. 19 22 24 28 29 30 31 457
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Evangeline Jamili Landscaping Services has the following completed transactions.
Prepare the journal entries for the March transactions. Use the following accounts: Cash;
Accounts Receivale; Prepaid Insurance; Equipment; Accounts Payable; Jamili, Capital;
Jamili, Withdrawals; Landscaping Revenues; Salaries Expense; Rent Expense; Gas and Oil
Expense; Supplies Expense and Utilities Expense
Jamili deposited P200,000 in a bank account in the name of the business.
Jamili invested personal gardening equipment amounting to P10,000 in
the business.
Mar.
1
4.
Bought a used trailer on account from Sala Sales, P8,500.
Paid rent for the month, P6,000.
Bought a used backhoe from Mobile Equipment, P62,000, paying P30,000
in cash and the balance on account.
7.
10
Bought insurance for one year, P9,000.
Performed landscaping services on account for Tindoy Restaurant,
P34,200.
13
14
Bought supplies on account from Office Décor, P2,400.
Performed landscaping services on account for Urios University, P25,600.
Received and paid the bill from De Leon Services for gas and oil for the
equipment, P1,400.
Performed landscaping services for Calimpusan on cash basis, P18,800.
Paid accounts to Sala Sales, P4,000.
Collected acCounts from Tindoy Restaurant, P7,000.
Performed landscaping services on account for Gucela Resort, P16,250.
Received and paid the telephone bill, P1,860.
Paid the salaries of the employees, P13,400.
Jamili withdrew cash for personal use, P14,000.
15
17
19
22
24
28
29
30
31
439
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