PROBLEM 13

JOURNALIZING TRANSACTION
Evangeline Jamili Landscaping Service has the following completed transactions:
March 1 Jamili deposited P200,000 in a bank account on the name of the business.
4 Jamili invested personal gardening equipment, with a fair market value of P10,000, in the business.
6 Bought a used trailer on account from Sala Sales, P8,500.
7 Paid rent for the month, P6,000.
9 Bought a used backhoe from Mobile Equipment, P62,000, paying P30,000 in cash and the balance on
account.
10 Bought liability insurance for one year, P9,000.
13 Performed landscaping services on account for Tindoy Company, P34,200.
14 Bought supplies on account from Office Décor, P2,400.
15 Performed landscaping services on account for Urios University, P25,600.
17 Received and paid the bill from De Leon Services for gas and oil for equipment, P1,400.
19 Performed landscaping serviced for Calimpusan on cash basis, P18,800.
22 Paid accounts to Sala Sales, P4,000.
24 Collected accounts from Tindoy Company, P7,000.
28 Performed landscaping services on account for Gucela Company, P16,250.
29 Received and paid the telephone bill, P1,860.
30 Paid the salaries of the employees, P13,400.
31 Jamili withdrew cash for personal use, P14,000.

EVANGELINE JAMILI LANSCAPING SERVICE

JOURNALIZING TRANSACTION
FOR THE MONTH ENDED OF MARCH 31, 2020
DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT
Mar 1 Cash 200,000.00
Jamili, Capital 200,000.00

4 Equipment 10,000.00
Jamili, Capital 10,000.00

6 Equipment 8,500.00
Accounts Payable 8,500.00

7 Rent Expense 6,000.00

Cash 6,000.00

9 Equipment 62,000.00
Cash 30,000.00
Accounts Payable 32,000.00

10 Prepaid Insurance 9,000.00

Cash 9,000.00

13 Accounts Receivable 34,200.00

Landscaping Revenue 34,200.00
14 Supplies Expense 2,400.00
Accounts Payable 2,400.00

15 Accounts Receivable 25,600.00

Landscaping Revenue 25,600.00

17 Gas and Oil Expense 1,400.00

Cash 1,400.00

19 Cash 18,800.00
Landscaping Revenue 18,800.00

22 Accounts Payable 4,000.00

Cash 4,000.00

24 Cash 7,000.00
Accounts Receivable 7,000.00

28 Accounts Receivable 16,250.00

Landscaping Revenue 16,250.00

29 Utilities Expense 1,860.00

Cash 1,860.00

30 Salaries Expense 13,400.00

Cash 13,400.00

31 Jamili, Withdrawals 14,000.00

Cash 14,000.00