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    KVVNBSIT1-2 Recordingbusinesstransactions

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    devora ave
    Violeta Pitular Delivery Service recorded various transactions in May 2020 including placing advertisements, buying supplies, investing in office equipment, receiving payments from customers, paying expenses like repairs, salaries, gas and oil, and withdrawing cash.

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    © All Rights Reserved
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    KVVNBSIT1-2 Recordingbusinesstransactions

    Uploaded by

    devora ave
    23 views6 pages
    Violeta Pitular Delivery Service recorded various transactions in May 2020 including placing advertisements, buying supplies, investing in office equipment, receiving payments from customers, paying expenses like repairs, salaries, gas and oil, and withdrawing cash.

    Original Title

    KVVNBSIT1-2_recordingbusinesstransactions

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    Violeta Pitular Delivery Service recorded various transactions in May 2020 including placing advertisements, buying supplies, investing in office equipment, receiving payments from customers, paying expenses like repairs, salaries, gas and oil, and withdrawing cash.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    23 views6 pages

    KVVNBSIT1-2 Recordingbusinesstransactions

    Uploaded by

    devora ave
    Violeta Pitular Delivery Service recorded various transactions in May 2020 including placing advertisements, buying supplies, investing in office equipment, receiving payments from customers, paying expenses like repairs, salaries, gas and oil, and withdrawing cash.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Journalizing Transactions (Violeta Pitular Delivery Service, May 2020)

    Date
    Account Title PR Debit
    2020
    May-03 Advertising Expense 540 18,500
    Accounts Payable 210
    Placed four week-end advertisements in the Sun Daily Central Luzon due in 30 days.
    6 Supplies Expense 550 8,800
    Accounts Payable 210
    Bought supplies on account from Supplies, Inc.
    15 Office Equipment 150 52, 500
    Pitular, Capital 310
    Pitular invested in the business own equipment.
    17 Cash 110 61,800
    Accounts Receivable 120
    Received from charge customers to apply on their accounts.
    22 Repair Expense 530 8,500
    Accounts Payable 210
    Received a bill from Park Trucking for repair services performed.
    26 Accounts Payable 210 8,800
    Cash 110
    Paid supplies, Inc. in full payment of account.
    29 Salaries Expense 510 21,000
    Cash 110
    Paid salaries to employees.
    30 Cash 110 39,000
    Delivery Revenues 410
    Received for services performed.
    31 Gas and Oil Expense 520 12,500
    Cash 110
    Received and paid gasoline and oil bill relating to the services vehicle.
    31 Accounts Receivable 120 45,000
    Delivery Revenues 410
    Billed South China Bank for services performed.
    31 Pitular, Withdrawals 320 14,500
    Cash 110
    Pitular withdrew cash for personal use.
    Credit

    18,500
    in 30 days.

    8,800

    52, 500

    61,800

    8,500

    8,800

    21,000

    39,000

    12,500

    45,000

    14,500
    Mulles Data Encoders (For the month of May starting on the 15th day 2019)
    May-19 Account Title Debit Credit
    a Cash 157,000
    Mulles Capital 157,000
    Investment to established a business.
    b Office Equipment 15,150
    Cash 15,150
    Bought office equipments.
    c Equipment 57,500
    Mulles Capital 57,500
    Mulles investment.
    d Computer Software 39,000
    Cash 5,000
    Accounts Payable 24,000
    Partial payment on computer software.
    e Rent Expense 5,300
    Cash 5,300
    Paymet for rent.
    f Cash 5,160
    Service Revenue 5,160
    Service revenue on account.
    g Signage 9,000
    Cash 5,000
    Accounts Payable 4,000
    Partial payment for panaflex sign.
    h
    NO ENTRY

    i Supplies 2,290
    Accounts Payable 2,290
    Payment for purchased supplies.
    j Advertising Expense 3,230
    Cash 3,230
    Payment for advertising.
    k Utilities 1,240
    Cash 1,240
    Payment for electric bill.
    l Cash 10,900
    Service Revenue 10,900
    Service revenue on account.
    m Salaries Expense 8,400
    Cash 8,400
    Payment salaries.
    n Drawings 4,500
    Cash 4,500
    Mulles withdrawal.

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