Activity 1:

Journal
Page 1
Date Account Titles and Explanation P.R. Debit Credit
1 2021
2 Mar. 1 Cash 200,000
3 Jamili, Capital 200,000
5 Initial Investment.
6
7 Mar. 4 Gardening Equipment 10,000
8 Cash 10,000
9 Invested Personal Gardening
Equipment.
1
0
1 Mar. 6 Mobile Equipment 10,000
1
1 Accounts Payable 10,000
2
1 Purchased Mobile Equipment on
3 account.
1
4
1 Mar. 7 Rent Expense 6,000
5
1 Cash 6,000
6
1 Paid rent for the month.
7
1 62,000
8
1 Mar. 9 Mobile Equipment 30,000
9
2 Cash 32,000
0
2 Accounts Payable
1
2 Purchased Mobile Equipment for
2 cash and balance on account.
2
3
2 Mar. Prepaid Insurance 9,000
4 10
2 Cash 9,000
5
2 Purchased liability insurance.
6
2
7
2 Mar. Accounts Receivable 34,200
8 13
2 Landscaping Revenues 34,200
9
3 Service rendered on account.
0
3
1
3 Mar. Supplies 2,400
2 14
3 Accounts Payable 2,400
3
3 Purchased supplies on account.
4
3
5
3 Mar. Accounts Receivable 25,600
6 15
3 Landscaping Revenue 25,600
7
3 Service rendered on account.
8
3
9

Page 2
Date Account Titles and Explanation P.R. Debit Credit
1 2021
2 Mar. Gas and Oil Expense 1,400
17
3 Cash 1,400
5 Paid Gas and oil for equipment.
6
7 Mar. Cash 18,800
19
8 Landscaping Revenue 18,000
9 Service rendered for cash.
1
0
1 Mar. Accounts Payables 4,000
1 22
1 Cash 4,000
2
1 Partial payment of accounts.
3
1
4
1 Mar. Cash 7,000
5 24
1 Accounts Receivable 7,000
6
1 Partial collection of accounts.
7
1
8
1 Mar. Accounts Receivable 16,250
9 28
2 Landscaping Revenue 16,250
0
2 Service rendered on account.
1
2
2
2 Mar. Utilities Expense 1,860
3 29
2 Cash 1,860
4
2 Paid telephone bill.
5
2
6
2 Mar. Salary Expense 13,400
7 30
2 Cash 13,400
8
2 Paid salaries of employees.
9
3
0
3 Mar. Jamili, Withdrawals 14,000
1 31
3 Cash 14,000
2
3 Withdrawal by owner.
3
3
4
3
5
3
6
3
7
3
8
3
9