To illustrate further, let us consider the case of Mandreza Plumbing.

Dexter Mandreza opened

his plumbing services, Mandreza Plumbing and began the operation on July 1, 2019. The
following transactions were completed during the month:
July 1 Withdrew from his personal savings account, P80,000 to open a new account in the name
of Mandreza Plumbing.
2 Purchased service vehicle costing P120,000. A payment of P25,000 and a note payable
given for the 95,000 balance.
4 Paid the month’s rent, P 8,000.
5 Acquired plumbing supplies on account P15,000.
7 Paid the three months advertising and recorded it as Prepaid Advertising in the amount of
7,500.
9 Received P19,000 cash for plumbing services rendered. 10 Acquired additional plumbing
supplies, P9,000.
12 Paid the salaries of employees 12,000.
13 Billed the customer for plumbing services rendered, P45,000 15 Paid P5,000 for the
amount owed on the July 5 transaction.
17 Paid the P5,200 miscellaneous expense.
19 Collected P 25,000 from the customer on the July 13 transaction. 22 Withdrew from the
business P15,500
24 Paid the salaries, P 15,000.
25 Paid the first installment of the note payable, P5,000. 26 Paid the telephone expense
P1,300.
28 Billed Nodado Company for plumbing services rendered, 25,000. 30 Received P20,000
for plumbing services rendered.
Required: Journalize the above transactions using the following accounts
110 Cash 310 Mandreza, Capital
120 Accounts Receivable 320 Mandreza, Withdrawals
130 Plumbing Supplies 410 Plumbing Revenues
140 Prepaid Advertising 510 Salaries Expense
150 Service Vehicle 520 Rent Expense
210 Accounts Payable 530 Telephone Expense
220 Notes Payable 540 Miscellaneous Expense