On October 01 2021, Gina Jose opened Self-Service Laundry. During October, the following transactions were completed; use the following account title Cash Accounts Payable Supplies Expense Accounts Receivable Jose, Capital Rent Expense Prepaid Insurance Jose, Withdrawals Utilities Expense Equipment Laundry Revenues Miscellaneous Expense Furniture and Fixture Salaries Expense Oct. 01- G. Jose Deposited 250,000 in a bank account in the name of the business. 02- Bought chairs and table paying cash 6,700 03- Bought Laundry supplies on account, from Subic Supply Inc., 3,250 06- Paid Rent for the month, 5,750 09- Bought washing machines and dryers from Bulacan Equipment Corp. 115,000 paying 35,000 in cash and the balance on account. 12- Revenues earned on cash basis for the first half of the month, 19,250 13- Bought insurance for one year-5,600 14-Paid accounts to Bulacan Equipment Corp. -7,000 16- Received and paid electric bill, 2,800 17- Revenues earned on cash basis for the second half of the month, 12,350 18-Paid salaries on the part time assistant, 7,400 Requirements: 1. Journalize the given business transactions 2. Prepare the T-accounts 3. Prepare Trial Balance

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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4G 4G
11:29 4.50
4G2
VA
67
KB/s
E Add class comment
FABM 2
PERFORMANCE ACTIVITY NO 1
TAYLOR/PACIOLI G12 ABM
On October 01 2021, Gina Jose opened Self-Service Laundry. During October, the following
transactions were completed; use the following account title
Cash
Accounts Payable
Supplies Expense
Accounts Receivable
Jose, Capital
Rent Expense
Prepaid Insurance
Jose, Withdrawals
Utilities Expense
Equipment
Laundry Revenues
Miscellaneous Expense
Furniture and Fixture
Salaries Expense
Oct. 01- G. Jose Deposited 250,000 in a bank account in the name of the business.
02- Bought chairs and table paying cash 6,700
03- Bought Laundry supplies on account, from Subic Supply Inc., 3,250
06- Paid Rent for the month, 5,750
09- Bought washing machines and dryers from Bulacan Equipment Corp. 115,000
paying 35,000 in cash and the balance on account.
12- Revenues earned on cash basis for the first half of the month, 19,250
13- Bought insurance for one year-5,600
14-Paid accounts to Bulacan Equipment Corp. -7,000
16- Received and paid electric bill, 2,800
17- Revenues earned on cash basis for the second half of the month, 12,350
18-Paid salaries on the part time assistant, 7,400
Requirements:
1. Journalize the given business transactions
2. Prepare the T-accounts
3. Prepare Trial Balance
Word
Your work
Assigned
+ Add or create
く
2
II
Transcribed Image Text:4G 4G 11:29 4.50 4G2 VA 67 KB/s E Add class comment FABM 2 PERFORMANCE ACTIVITY NO 1 TAYLOR/PACIOLI G12 ABM On October 01 2021, Gina Jose opened Self-Service Laundry. During October, the following transactions were completed; use the following account title Cash Accounts Payable Supplies Expense Accounts Receivable Jose, Capital Rent Expense Prepaid Insurance Jose, Withdrawals Utilities Expense Equipment Laundry Revenues Miscellaneous Expense Furniture and Fixture Salaries Expense Oct. 01- G. Jose Deposited 250,000 in a bank account in the name of the business. 02- Bought chairs and table paying cash 6,700 03- Bought Laundry supplies on account, from Subic Supply Inc., 3,250 06- Paid Rent for the month, 5,750 09- Bought washing machines and dryers from Bulacan Equipment Corp. 115,000 paying 35,000 in cash and the balance on account. 12- Revenues earned on cash basis for the first half of the month, 19,250 13- Bought insurance for one year-5,600 14-Paid accounts to Bulacan Equipment Corp. -7,000 16- Received and paid electric bill, 2,800 17- Revenues earned on cash basis for the second half of the month, 12,350 18-Paid salaries on the part time assistant, 7,400 Requirements: 1. Journalize the given business transactions 2. Prepare the T-accounts 3. Prepare Trial Balance Word Your work Assigned + Add or create く 2 II
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