P500000 1 Cash Nels Ferrer, Capital to record the additional investment. Apr. PS00000 250 0|0|0 1 Transportation Equipment Cash (250,000 x 50%] Accounts Payable to record the purchased equipment. 129 |125000 5|0 0|0 1 Rent Expense Cash to record the paid rental for the month 5000 4 Cash 13200 Accounts Recievable 200 to record the collected accounts from the previous month. 30000 5 Cash Trucking Income to record the trucking income earned. 30000 10000 10 Salaries Expense Cash to record the paid salaries 10000 15 Cash 2400 Rental Revenue 2400 to record the rented vehicle to Joshua 2000 18 Utility Expense Cash to record the paid electric bil. 2000 15000 20 Cash Accounts Recievable to record the recieved baiance from Joshua. |15|0|0|0 23000 25 Office Supplies Accounts Payable to record the purchased office supplies 23000 29 Cash 18000 Trucking Income |이0 to record the collected trucking income. 00 1. a. ol 6 6)
P500000 1 Cash Nels Ferrer, Capital to record the additional investment. Apr. PS00000 250 0|0|0 1 Transportation Equipment Cash (250,000 x 50%] Accounts Payable to record the purchased equipment. 129 |125000 5|0 0|0 1 Rent Expense Cash to record the paid rental for the month 5000 4 Cash 13200 Accounts Recievable 200 to record the collected accounts from the previous month. 30000 5 Cash Trucking Income to record the trucking income earned. 30000 10000 10 Salaries Expense Cash to record the paid salaries 10000 15 Cash 2400 Rental Revenue 2400 to record the rented vehicle to Joshua 2000 18 Utility Expense Cash to record the paid electric bil. 2000 15000 20 Cash Accounts Recievable to record the recieved baiance from Joshua. |15|0|0|0 23000 25 Office Supplies Accounts Payable to record the purchased office supplies 23000 29 Cash 18000 Trucking Income |이0 to record the collected trucking income. 00 1. a. ol 6 6)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A. Post the journal entries to their ledger using T-Account Format. Use Additional information on Enrichment Activity 2-1 and use the trial balance for the beginning balances.
B. Prepare Trial balance, as of April 30, 2021.

Transcribed Image Text:Friendly Trucking
Trial Balance
April 01, 2021
Dr.
Cr.
Cash
Accounts Receivable
Supplies
Transportation Equipment
Accounts Payable
N. Ferrer, Capital
N. Ferrer, Drawings
Trucking Income
Salaries Expense
Rent Expense
Utilities Expense
Miscellaneous Expense
Totals
P320,000
42,500
4,200
157,000
P 52,200
499,700
52,000
66,800
29,000
10,000
3,200
800
P618.700
P618.700
![Enrichment Activity 2-1
Date
Account Titles and Explanation
PR
Debit
Credit
1 Apr.
1 Cash
Nels Ferrer, Capital
P500000
1
PS000002
3
2
3
to record the additional investment.
4
sol000
1 Transportation Equipment
Cash (250,000 x 50%]
Accounts Payable
to record the purchased equipment.
6.
125
6
7.
125000
Rent Expense
5000
10
1
10
Cash
5000
11
11
to record the paid rental for the month
12
13
12
13
13200
4 Cash
Accounts Recievable
to record the collected accounts from the previous month.
14
14
15
15
16
16
17
18
30000 19
20
21
22
17
30000
5 Cash
Trucking Income
to record the trucking income earned.
18
19
20
21
10000
10 Salaries Expense
Cash
to record the paid salaries
22
0000T
24
23
23
24
25
25
2400
15 Cash
Rental Revenue
to record the rented vehicle to Joshua
26
26
2400 27
28
29
27
28
29
2000
18 Utility Expense
Cash
to record the paid electric bill.
30
30
2000
32
33
34
35
36
37
31
31
32
33
20 Cash
15000
34
35
36
37
38
Accounts Recievable
to record the recieved balance from Joshua.
23000
25 Office Supplies
Accounts Payable
to record the purchased office supplies
38
|23000
39
39
40
40
41
42
lolo 43
P868600 O868600 44
41
29 Cash
Trucking Income
to record the collected trucking income.
42
18000
43
44
45
45
46
46
2.
2)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c87aeb1-418e-4aea-98da-a3d3e85943cf%2F2d761972-5e09-40e2-8f05-b0bc78e26d22%2F39wquo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Enrichment Activity 2-1
Date
Account Titles and Explanation
PR
Debit
Credit
1 Apr.
1 Cash
Nels Ferrer, Capital
P500000
1
PS000002
3
2
3
to record the additional investment.
4
sol000
1 Transportation Equipment
Cash (250,000 x 50%]
Accounts Payable
to record the purchased equipment.
6.
125
6
7.
125000
Rent Expense
5000
10
1
10
Cash
5000
11
11
to record the paid rental for the month
12
13
12
13
13200
4 Cash
Accounts Recievable
to record the collected accounts from the previous month.
14
14
15
15
16
16
17
18
30000 19
20
21
22
17
30000
5 Cash
Trucking Income
to record the trucking income earned.
18
19
20
21
10000
10 Salaries Expense
Cash
to record the paid salaries
22
0000T
24
23
23
24
25
25
2400
15 Cash
Rental Revenue
to record the rented vehicle to Joshua
26
26
2400 27
28
29
27
28
29
2000
18 Utility Expense
Cash
to record the paid electric bill.
30
30
2000
32
33
34
35
36
37
31
31
32
33
20 Cash
15000
34
35
36
37
38
Accounts Recievable
to record the recieved balance from Joshua.
23000
25 Office Supplies
Accounts Payable
to record the purchased office supplies
38
|23000
39
39
40
40
41
42
lolo 43
P868600 O868600 44
41
29 Cash
Trucking Income
to record the collected trucking income.
42
18000
43
44
45
45
46
46
2.
2)
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