Mr.

Laban Deyro opened his laundry business in Alcala, Pangasinan on January

2, 2019. The following transactions occurred during the month of January.
DATE TRANSACTIONS
1/2/19 Invested PHP500,000 to his business. The trade name of the
business was “MR. LABANDERO”
1/3/19 Hired Allan and Allie who will manage his business
1/4/19 Collections from various customers for the day - PHP3,000
1/5/19 Purchased store supplies from Labada Store - PHP10,000
1/7/19 Collections from various customers for the day - PHP8,000
1/8/19 MR. LABANDERO entered into an exclusive contract with
Sikat Hotel where the business will do all the laundry of the
hotel.
1/9/19 Sikat Hotel availed the services of MR. LABANDERO
amounting to PHP15,000. Payment will be made on January
20, 2019.
DATE TRANSACTIONS
1/12/19 Purchased a washing machine amounting to PHP50,000
1/15/19 Collections from various customers for the day - PHP20,000
1/19/19 Paid electricity bill for the month amounting to PHP18,000
1/20/19 Received payment from Sikat Hotel amounting to PHP15,000
1/21/19 Paid salaries of Allan and Allie - PHP15,000
1/22/19 Mr. Laban Deyro needed money for the hospitalization of his son.
He withdrew PHP18,000 from the business.
1/25/19 Paid bus ticket of PHP1,500 for the travel of Mr. Deyro to Manila to
negotiate a contract with Sosyal Hotel
1/26/19 Paid taxes to the Municipality of Alcala, PHP4,000
1/27/19 Purchased office supplies amounting to PHP12,500
1/28/19 Collections from various customer for the day - PHP5,000
1/29/19 Sosyal Hotel availed the services of MR. LABANDERO amounting
to PHP15,000 payable on Feb 25, 2019.
1/31/2019 Purchased store equipment amounting to PHP50,000. Paying half
in cash and the balance on account.