Date Account Title & Explanation Ref.

Debit Credit

April 1 Cash 11 P 500,000

Ferrer, Capital 31 P 500,000

Account Title
Transportation Equipment 12 Debit
250,000 Credit

Cash Cash 11 P 416,700 125,000

Accounts Accounts
Receivable
Payable 21 30,000 125,000

Transportation Equipment
Rental Expense 51 250,000
5,000

Accounts Cash
payable 11 5,000
125,000
AprilFerrer,
5 Cash
Capital 11 8,000 500,000
Service Revenue
Service Revenue 41 8,000
91,000
AprilRental
8 Accounts Receivable
Expense 12 30,000
5,000
Cash 11 30,000
Salaries Expense 10,000
April 10 Salaries Expense 52 10,000
Utilities Expense 2,000
Cash 11 10,000
Supplies Expense 2,300
April 15 Cash 11 20,000
Total P 716,000 P 716,000
Accounts Receivable 12 15,000

Service Revenue 41 35,000

April 18 Utilities Expense 53 2,000

Cash 11 2,000

April 20 Cash 11 15,000

Accounts Receivable 12 15,000

April 25 Supplies Expense 54 2,300

Land 13 2,300

April 29 Cash 11 18,000

Service Revenue 41 18, 000