JOURNALIZE THE FOLLOWING TRANSACTIONS OF ALIBABA TUTORIALS FOR THE MONTH

OF JUNE

2017
June 1 Alibaba deposited Php 600 000 in the account of the company.  He also invested a furniture valued at Php 50 
000.
          3     Bought Php 5 000 supplies from National Book Store on account.
          5     Tutorial services rendered to Ms. Talino on account, Php 15 000.
          7     Tutorial services rendered to various clients for cash, Php 180 000.
        15      Paid account with National Book Store
        18      Collected Php 5000 from Ms. Talino
       20      Received water bill, Php 400
       28      Paid electricity for the month, Php 4 480
       30      Paid water bill

Alibaba Tutorials
Journal Entries
December 31, 2017
Date Accounts P.R Debit Credit
June .
2017
6/3 Supplies ₱ 5000
Accounts Payable ₱ 5000
Bought supplies on account.

6/5 Accounts Receivable 15 000

Service Revenue 15 000
Services rendered on account.

6/7 Cash 180 000

Service Revenue 180 000
Services rendered for cash

6/15 Accounts Payable 5000

Cash 5000
Payment of the account with
National Book Store

6/18 Cash 5000

Accounts Receivable 5000
Collected partial settlement

6/20 Utilities Expense 400

Accounts Payable 400
Received water bill.

6/28 Electricity Expense 4 480

Cash 4 480
Paid electricity for the month.

6/30 Accounts Payable 400

Cash 400
Paid water bill.