AE21 FINAL PROJECT ACTIVITY

Prepare the Journal Entries, Worksheet, Trial Balance, Statement of Financial

Position, and Statement of Comprehensive Income using the MS EXCEL, to the
following transactions:
On May 1, 2019 Deo Valmoria opened “Laundry Shop ni Deo” a self-service
laundry shop. During May, the following transactions were completed.

MAY 2. Valmoria deposited P250,000 in a bank account in the name of the

business
MAY 3. Bought chairs and a table paying cash, P6,700.
MAY 4. Bought Laundry supplies on account worth, P3,250.
MAY 5. Paid rent for the month, P5,750.
MAY 6. Bought washing machine and dryers in cash for, P115,000.
MAY 7. Revenues earned on cash basis for the first half of the month, P19,250.
MAY 10. Bought Insurance for the washing machine and dryers for one year,
P5,600.
MAY 12. Received and Paid Electric Bill, P2,080..
MAY 17. Paid the transactions on MAY 4.
MAY 22. Paid the cashier P2,800, for the week.
MAY 27. Revenues earned on cash basis for the second half of the month,
P12,350
MAY 29. Paid the cashier P2,800, for the week.
MAY 31. Valmoria withdrew cash for personal use, P10,000

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