Enrichment #3
Siblings Fast Service was opened by Mabelle on May 1, 2017 with a
cash investment of P10,000. Additional transaction for the month
follows:
May 2 Mabelle invested 2 photo copying machine worth
18,000.
4 Paid 4,000 as deposit for space rental
5 Brought office supplies for cash, P500
7 Received P2,000 cash from various students for
typing services rendered.
9 Rendered typing services on account P3,000
10 Bought office furniture from Kenneth, P5,000. Paid
50% and promise to pay the balance within 30 days.
12 Paid Kenneth, P1,000
14 Collection from account customer, P2,000
15 Paid salaries of typist, P1,500
19 Summary of cash received, P2,000 and a promissory
note for P200 for typing services rendered.
20 Paid telephone, light and water, P800
25 Paid P300 for repair of the photocopying machine.
30 Payment: Salaries, P1,500; Rent, P1,500
31 Mabelle made a cash withdrawal of P500
Required:
Journalize using a yellow paper
Open a general ledger and post the entries
Prepare a trial balance
Enrichment #3
Siblings Fast Service was opened by Mabelle on May 1, 2017 with a
cash investment of P10,000. Additional transaction for the month
follows:
May 2 Mabelle invested 2 photo copying machine worth
18,000.
4 Paid 4,000 as deposit for space rental
5 Brought office supplies for cash, P500
7 Received P2,000 cash from various students for
typing services rendered.
9 Rendered typing services on account P3,000
10 Bought office furniture from Kenneth, P5,000. Paid
50% and promise to pay the balance within 30 days.
12 Paid Kenneth, P1,000
14 Collection from account customer, P2,000
15 Paid salaries of typist, P1,500
19 Summary of cash received, P2,000 and a promissory
note for P200 for typing services rendered.
20 Paid telephone, light and water, P800
25 Paid P300 for repair of the photocopying machine.
30 Payment: Salaries, P1,500; Rent, P1,500
31 Mabelle made a cash withdrawal of P500
Required:
Journalize using a yellow paper
Open a general ledger and post the entries
Prepare a trial balance