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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Journa llze the transactiars helaw using a twe coluwn general Journal.
10
The April 2014 trensectivns ofBudget Driving Institute owned end mansged by Crispin Rusales are listed belvw:
11
12
13
2 Rusales invested P250,000 cash and P15.0 furniture and fixtures.
14
1 Two secondhardcars were purchasec and a 50% down paynment at P150,000 made, Issued a promissery nete tor the bala nce,
15
5 Bauzht office Bculpment far cash. P12,100.
16
G Twostudent drivers filled up ar application form stating, amurgathers, that:hey were willing to pay P2,000 eoch for a one-wgek les:or.
17
7 Paid P2,000 for gas a nd oil.
18
* Pald P10.no0 tar an adertisemen: that was pasterdalargthe higwsyto promote the hisliness.
19
11 The twostucen: drivers paidin full.
20
11 Anolive: Lwo student drivers were billed for P1,000 bul only olle paidincash.
21
15 Salaries wre pald forthe f rst halfof April amcunting to P4,500.
22
19 Ms. Resales mace a casl withdrawal ofPI.s0.
23
20 Driving Fees of P7.000 were bil led to orious clic nts but only SU wSE calloctod
24
26 lesser lownar of aui ldingi sent a bill tar olfice rent due, F7,50.
25
27 Utility bills paidincash, P4,500
26
sn Salarles ware pald forthe sAcend haltofAerl.
27
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GENERAL JOURNAL
29
DATE
PARTICULARS
F
DEBIT
CREDIT
30
April 2 Cash
250.c09.0u
31
Turnitures & Fietures
15,003.00
32
Rosa les, Ca pital
205,000.co
33
Inestmerts af Crispin Resalas to caena business.
34
35
310,101.on
36
150,000
37
38
39
40
5
41
42
43
44
45
46
47
49
19
50
51
52
53
54
55
11
57
59
59
60
14
61
62
63
64
65
15
65
67
69
70
19
71
/2
73
74
75
20
76
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