Kareen Leon Bicycle Rentals

Journal Entries
For the Month of April 2021

DATE ACCOUNT TITLES DR CR

APRIL 2 Cash ₱ 120,000.00

Leon, Capital ₱ 120,000.00
To record Leon's investment of 120,000 cash to business
3 Supplies ₱ 1,500.00
Accounts Payable ₱ 1,500.00

To record purchase of 1, 500 worth of office supplies, on account

4 Bicycles ₱ 25,000.00
Cash ₱ 12,000.00
Accounts Payable ₱ 13,000.00
To record purchase of bicycles worth 25,000, paid 12,000 cash and
the rest to be paid in thirty days.
5 Container ₱ 29,000.00
Cash ₱ 29,000.00
To record purchase of containers worth 29,000 cash
6 Cash ₱ 4,700.00
Rental Revenues ₱ 4,700.00
To record received cash of 4,700 for bicycle rentals
8 Container ₱ 4,000.00
Cash ₱ 4,000.00
To record additional cost of 4,000 for the containers
10 Maintenance Expense ₱ 750.00
Cash ₱ 750.00
To record payment of 750 for maintenance
13 Cash ₱ 5,000.00
Rental Revenues ₱ 5,000.00
To record received cash of 5,000 for bicycle rentals
16 Wages Expense ₱ 480.00
Cash ₱ 480.00
To record payment for assistant's wage worth 480
17 Accounts Payable ₱ 13,000.00
Cash ₱ 13,000.00
To record payment of 13,000 for the payables in April 3
18 Repair Expense ₱ 550.00
Cash ₱ 550.00
To record payment of 550 for bicycle repairs
20 Cash ₱ 5,500.00
Rental Revenues ₱ 5,500.00
To record received 5,500 cash from bicycle rentals
22 Wages Expense ₱ 480.00
Cash ₱ 480.00
 To record payment of 480 for assistant's wage
23 Account's Receivable ₱ 1,100.00
Rental Revenues ₱ 1,100.00
To record receivables worth 1,100 from bicycle rentals
25 Concession Fee Expense ₱ 3,000.00
Cash ₱ 3,000.00
To record payment of 3,000 for bicycle concession
29 Wages Expense ₱ 480.00
Cash ₱ 480.00
To record payment for assistant's wage worth 480
30 Leon, Withdrawals ₱ 5,000.00
Cash ₱ 5,000.00
To record owner's withdrawal of 5,000

₱ 219,540.00 ₱ 219,540.00
 Cash Accounts Receiveble
Apr-02 120,000 12,000 Apr-04 Apr-23 1,100
Apr-06 4,700 29,000 Apr-05
Apr-13 5,000 4,000 Apr-08
Apr-20 5,500 750 Apr-10
480 Apr-16
1,500 Apr-17
550 Apr-18
480 Apr-22
3,000 Apr-25
480 Apr-29
5,000 Apr-30
135,200 57,240
77,960

Container Accounts Payable

Apr-05 29,000 Apr-17 1,500 1,500 Apr-03
Apr-08 4,000 13,000 Apr-04
33,000 1,500 14,500
13,000

Rental Revenues Maintenance Expense

4,700 Apr-06 Apr-10 750
5,000 Apr-13
5,500 Apr-20
1,100 Apr-23
16,300
 Concession Fee Expense Bicycles
Apr-25 3,000 Apr-04 25,000

Repair Expense
Apr-18 550
 Supplies
Apr-03 1,500

Leon, Capital
120,000 Apr-02

Wages Expense
Apr-16 480
Apr-22 480
Apr-29 480
1,440
 Leon, Withdrawal
Apr-30 5,000
 DR CR
Assets 77,960
Cash 1,100
Accounts Receivable 1,500
Supplies 25,000
Bicycles 33,000
Container

Liabilities
Accounts Payable 13,000

Equity
Leon, Capital 120,000
Leon, Withdrawal 5,000

Revenue
Rental Revenues 16,300

Expenses
Maintenace Expense 750
Wages Expense 1,440
Repair Expense 550
Concession Fee Expense 3,000
149,300 149,300