LEON BICYCLES RENTAL POSTING

Date Account title and explanation PR Debit Credit

2-Apr Cash P120,000 2-Apr
Leon, Capital P120,000 6-Apr
To record the investment of P120,000 in the business checking account 13-Apr
20-Apr
3-Apr Supplies 1,500 27-Apr
Accounts Payable 1,500
To record the purchase of supplies on account

4-Apr Bicycles 25,000

Cash 12,000
Accounts Payable 13,000
To record the purchase on ten bicycles with a downpayment of 12,000

5-Apr Container 29,000

Cash 29,000
To record the purchase of a furnished container for cash

6-Apr Cash 4,700

Rental Revenue 4,700 SUPPLIE
To record cash received for rentals during the first week 3-Apr

8-Apr Container 4,000

Cash 4,000 ACCOUNTS PA
To record the payment for shipping and installation costs of the container 17-Apr

9-Apr NO ENTRY

10-Apr Maintenance Expense 750

Cash 750 BICYCL
To record the payment to the maintenance person 4-Apr

13-Apr Cash 5,000

Rental Revenue 5,000 CONTAIN
To record cash received for rentals during the second week 5-Apr
8-Apr
16-Apr Wages Expense 480
Cash 480
To record the payment of the part-time assistant RENTAL RE

17-Apr Accounts Payable 1,500

Cash 1,500
To record the payment for the supplies purchased on April 3
18-Apr Repair Expense 550
Cash 550
To record the payment for bicycle repairs MAINTENANC
10-Apr
20-Apr Cash 5,500
Rental Revenue 5,500
To record cash received for rentals during the third week WAGES EX
16-Apr
22-Apr Wages Expense 480 22-Apr
Cash 480 29-Apr
To record the payment to the part-time assistant

23-Apr Accounts Recievable 1,100 REPAIR EX

Rental Revenue 1,100 18-Apr
To record the billing of 1,100 to a company for bicycle rentals

25-Apr Concession Fee Expense 3,000 ACCOUNTS R

Cash 3,000 29-Apr
To record the payment of the April fee to the Park Administration

27-Apr Cash 4,100 CONCESSION FEE

Rental Revenue 4,100 25-Apr
To record cash received for rentals during the week

29-Apr Wages Expense 480 LEON, WIDR

Cash 480 30-Apr
To record the payment to the part-time assistant

30-Apr Leon, Widrawals 5,000

Cash 5,000
To record the transfer of 5,000 to the personal checking account
 Leon Bicycle Rentals
CASH Trial Balance
120,000 12,000 4-Apr For the month April 2020
4,700 29,000 5-Apr
5,000 4,000 8-Apr Accounts Debit Credit
5,500 750 10-Apr Cash 82,060
4,100 480 16-Apr Accounts Recievable 1,100
1,500 17-Apr Supplies 1,500
550 18-Apr Container 33,000
480 22-Apr Bicycles 25,000
3,000 25-Apr Accounts Payable 13,000
480 29-Apr Leon, Capital 120,000
5,000 30-Apr Leon, Widrawals 5,000
139,300 57,240 Rental Revenue 20,400
82,060 Wages Expense 1,440
Maintenance Expense 750
LEON, CAPITAL Repair Expense 550
120,000 2-Apr Concession Fee Expense 3,000
120,000 153,400 153,400

SUPPLIES
1,500
1,500 SCORES 19
17
ACCOUNTS PAYABLE 20
1,500 13,000 3-Apr 56
1,500 4-Apr
1,500 14,500
13,000

BICYCLES
25,000
25,000

CONTAINER
29,000
4,000
33,000

RENTAL REVENUE
4,700 6-Apr
5,000 13-Apr
5,500 20-Apr
1,100 23-Apr
 4,100 27-Apr
20,400

MAINTENANCE EXPENSE
750
750

WAGES EXPENSE
480
480
480
1,440

REPAIR EXPENSE
550
550

ACCOUNTS RECIEVABLE
1,100
1,100

CONCESSION FEE EXPENSE

3,000
3,000

LEON, WIDRAWALS
5,000
5,000