Journa llze the transactiars helaw using a twe coluwn general Journal.10The April 2014 trensectivns ofBudget Driving Institute owned end mansged by Crispin Rusales are listed belvw:1112132 Rusales invested P250,000 cash and P15.0 furniture and fixtures.141 Two secondhardcars were purchasec and a 50% down paynment at P150,000 made, Issued a promissery nete tor the bala nce,155 Bauzht office Bculpment far cash. P12,100.16G Twostudent drivers filled up ar application form stating, amurgathers, that:hey were willing to pay P2,000 eoch for a one-wgek les:or.177 Paid P2,000 for gas a nd oil.18* Pald P10.no0 tar an adertisemen: that was pasterdalargthe higwsyto promote the hisliness.1911 The twostucen: drivers paidin full.2011 Anolive: Lwo student drivers were billed for P1,000 bul only olle paidincash.2115 Salaries wre pald forthe f rst halfof April amcunting to P4,500.2219 Ms. Resales mace a casl withdrawal ofPI.s0.2320 Driving Fees of P7.000 were bil led to orious clic nts but only SU wSE calloctod2426 lesser lownar of aui ldingi sent a bill tar olfice rent due, F7,50.2527 Utility bills paidincash, P4,50026sn Salarles ware pald forthe sAcend haltofAerl.2729GENERAL JOURNAL29DATEPARTICULARSFDEBITCREDIT30April 2 Cash250.c09.0u31Turnitures & Fietures15,003.0032Rosa les, Ca pital205,000.co33Inestmerts af Crispin Resalas to caena business.3435310,101.on36150,000373839405414243444546474919505152535455115759596014616263646515656769701971/27374752076

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Description: Journa llze the transactiars helaw using a twe coluwn general Journal.10The April 2014 trensectivns ofBudget Driving Institute owned end mansged by Crispin Rusales are listed belvw:1112132 Rusales invested P250,000 cash and P15.0 furniture and fixtu

Journal entries are the primary reporting of the transactions in books of accounts so as to maintain…

Business

Accounting

The April 2014 trensectivns ofBudget Driving Institute owned end managed by Crispin Rusales ure listed below 2 kusales inves ted P250,000 cash and P15.c00 furniture and fixtures. 4 Two sacandhardcars were purchasec and a 50% downpayment at M50,0co made, Issuec a promissory note tor the bala nce. 5 Bnugit office nealpmeat far cash. P12,100. G Two student drivers filled up ar asplicatiun form stating, amurg athers, that:hey we re wi lingto pay P2,000 each for a one-week less ar. 7 Paid P2,000 for gas and ol. * Pald PI0,100 tar zn acivertisemen: that was pnstad a largthe highwayto promote tha hi.alnass. 11 te wostucen: drivers paid in full. 14 Auother lwu studeat drivers were billed fon P1,000 but ouly ole paidincash 15 Salaries ware pale for the fi rat ha fof April amounting te 14,500. 19 Ms. Rosales mncea cash withdrawa ofPL500 20 Driv ng Fees of P7,000 were bil lec to vorious clic nts but only SU% wes colected. 26 lessor fownar of bul idingi sent a b tar ollice ret cae, 7,50. 27 Utility bills paidincush, P4,590. An Salarles ware pala forthe sAGAnd ha tot Aprl.

The April 2014 trensectivns ofBudget Driving Institute owned end managed by Crispin Rusales ure listed below 2 kusales inves ted P250,000 cash and P15.c00 furniture and fixtures. 4 Two sacandhardcars were purchasec and a 50% downpayment at M50,0co made, Issuec a promissory note tor the bala nce. 5 Bnugit office nealpmeat far cash. P12,100. G Two student drivers filled up ar asplicatiun form stating, amurg athers, that:hey we re wi lingto pay P2,000 each for a one-week less ar. 7 Paid P2,000 for gas and ol. * Pald PI0,100 tar zn acivertisemen: that was pnstad a largthe highwayto promote tha hi.alnass. 11 te wostucen: drivers paid in full. 14 Auother lwu studeat drivers were billed fon P1,000 but ouly ole paidincash 15 Salaries ware pale for the fi rat ha fof April amounting te 14,500. 19 Ms. Rosales mncea cash withdrawa ofPL500 20 Driv ng Fees of P7,000 were bil lec to vorious clic nts but only SU% wes colected. 26 lessor fownar of bul idingi sent a b tar ollice ret cae, 7,50. 27 Utility bills paidincush, P4,590. An Salarles ware pala forthe sAGAnd ha tot Aprl.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 12E

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