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Activity 8 Journalizing
Activity 8 Journalizing
Journalizing
Joe Marky opened a plumbing service, Marky Plumbing. Operations began Apr. 1, 2020, and the
following transactions were completed during the month:
Apr. 1 Withdrew P67,000 from a personal savings account and used it to open a new
account in the name of Marky Plumbing.
Cash 67,000
Marky, Capital 67,000
7 Paid for three months of advertising and recorded Prepaid Advertising in the
amount of P6,000.
8 Cash in the amount of P18,350 was received for plumbing services rendered.
Cash 18,350
Plumbing Revenues 18,350
Cash 21,000
Accounts Receivable 21,000
Required:
Cash
April 1 67,000 April 2 17,500
8 18,350 3 7,150
20 21,000 7 6,000
9 8,050
11 11,600
16 5,700
19 4,300
21 14,500
22 14,100
24 3,850
25 1,250
106,350 94,000
Bal 12,350
Accounts Receivable
April 15 42,200 April 20 21,000
27 14,150
56,350 21,000
Bal 35,350
Plumbing Supplies
April 6 15,700
9 8,050
Bal 23,750
Prepaid Advertising
April 7 6,000
Bal 6,000
Service Vehicle
April 2 81,000
Bal 81,000
Accounts Payable
April 16 5,700 April 6 15,700
Bal 10,000
Notes Payable
April 24 3,850 April 2 63,500
Bal 59,650
Marky, Capital
April 1 67,000
Bal 67,000
Marky, Withdrawal
April 21 14,500
Bal 14,500
Plumbing Revenues
April 8 18,350
15 42,200
27 14,150
Bal 74,700
Rent Expense
April 3 7,150
Bal 7,150
Salaries Expense
April 11 11,600
22 14,100
Bal 25,700
Miscellaneous Expense
April 19 4,300
Bal 4,300
Telephone Expense
April 25 1,250
Bal 1,250
Marky Plumbing
Trial Balance
April 30, 2020
Debit Credit
Cash 12,350
Accounts Receivable 35,350
Plumbing Supplies 23,750
Prepaid Advertising 6,000
Service Vehicle 81,000
Notes Payable 59,650
Accounts Payable 10,000
Marky, Capital 67,000
Marky, Withdrawals 14,500
Plumbing Revenues 74,700
Salaries Expense 25,700
Rent Expense 7,150
Telephone Expense 1,250
Miscellaneous Expense 4,300
211,350 211,350