Crispine Rosales

Budget Driving Institute

For the month of April 2018

Date Particulars Dr Cr
2-Apr Cash 250,000
Invested Furnitures and Fixtures 15,000
C.R Capital 265,000
Invest Furniture

4-Apr Purchases (second hand cars) 300,000

Cash 150,000
Notes Payable 150,000
Purchased two second hand cars

5-Apr Office Equipment 12,000

Cash 12,000
Bought Office Equipment

6-Apr Cash 4,000

Revenue 4,000
Students filled an application

7-Apr Gasoline and Oil Expense 2,000

Cash 2,000
Paid in cash for gas and oil

8-Apr Advertisement Expense 10,000

Cash 10,000
Paid in cash for advertisement

11-Apr Cash 150,000

Revenue 150,000
Students paid in full

14-Apr Accounts Receivable 4,000

Revenue 4,000
A student was billed
Cash 4,000
Revenue 4,000
Another student was paid in cash
15-Apr Salary Expense 4,500
Cash 4,500
Salaries were paid

19-Apr Drawing Crispine Rosales 1,500

Cash 1,500
C.R cash withdrawal

20-Apr Accounts Receivable 7,000

Revenue 7,000
Cash 3,500
Accounts Receivable 3,500
Driving fees were billed

26-Apr Rent Expense 7,500

Accounts Payable 7,500
Office Rental

27-Apr Utility Expense 4,500

Cash 4,500
Utility bills were paid

30-Apr Salary Expense 4,500

Cash 4,500
Salaries were paid

2-May Rent Payable 7,500

Cash 7,500

3-May AP 3,500
Repair expense 3,500

4-May Car 500,000

500,000

5-May Insurance Expense 1,500

Taxes and licenses expense 2,500
cash 4,000

6-May No entry

7-May Cash 8,100

Boundary fee 3,600
Driving fees revenue 4,500
8-May Gas and oil expense 4,500
cash 4,500

9-May office equipment 12,500

AP 12,500

12-May
 1-Dec Cash 500,000
Vergel Capital 500,000

3-Dec Equipment 500,000

Notes payable 300,000
cash 200,000

4-Dec Rent deposite 100,000

cash 100,000

5-Dec advertising expense 15,000

cash 15,000

6-Dec Furniture and fixture 150,000

cash 75,000
AP 75,000

8-Dec Cash 20,000

Ticket sales 20,000

11-Dec Cash 14,500

Ticket sales 14,500

12-Dec Rental of films expense 15,000

AP 15,000

16-Dec No entry

18-Dec Cash 15,000

Ticket sales 15,000

19-Dec Taxes and licenses expense 1,500

cash 1,500

23-Dec AP 10,000
Cash 10,000

25-Dec Cash 14,750

Ticket sales 14,750

Dec AP 15,000
cash 15,000

utilty expense 9,500

cash 9,500

drawing 5,850
cash 5,850

AP