The following are the normal transactions of a servicing concern:

1 The owner invested cash Month Day

2 Paid telephone bills
3 Borrowed money fro PNB
4 Bought office table on credit
5 The owner withdrew cash for his personal use
6 Bought computers for cash
7 Paid electric bills
8 Paid the account with the supplier
9 Cash received for services renedered
10 Billed customer for services rendered
11 Bought tools on account
12 Paid in full the loan with the bank
13 Bought a piece of land, making a down payment
14 Received a promissory note for a services rendered
15 Bought office supplies on credit
16 Paid advertisement
17 Paid a services of a lawyer
18 Bought a newspaper for cash
19 Issued a promissory note for money borrowed
20 Bought stamps for cash
21 Paid the rent of the office
22 Bought a delivery truck with a 40% downpayment
23 Paid the following expenses: Water bills and insurance premium
24 Paid the minicipal licenses and permit
25 Issued a note payment of an account
26 Received a note from a customer in payment of his account
27 Paid the salaries of the following: office clerk and secretary
28 Paid promissory note
29 Collected promissory note
30 The owner bought home tools for his personal use
31 The onwer invested his desktop in the business
32 Mortgae the Land with the bank
33 cash received rendered to various customers
 34 Collected the rental of a tenant
35 Paid interest on the loan
36 Collected interest on the notes receivable
37 Miscellaneous income paid
38 Miscellaneous expenses paid
39 Bought balpens and papers on account
40 Sold the land for cash

REQUIRED:
Prepare the journal entry in the General Journal (without the amount) to record the
1 above transactions.
 GENERAL JOURNAL

ACCOUNT TITLE DR CR