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    Journalizing Transactions

    Uploaded by

    Eddie Abing Lumaras Jr.
    Evangeline Jamili Landscaping Service recorded various business transactions throughout March including depositing cash into the business bank account, investing personal equipment into the business, purchasing assets like a trailer and backhoe partially on credit, paying expenses like rent, insurance and supplies, performing landscaping services for various customers sometimes receiving partial payment, paying bills and supplier accounts, collecting on accounts receivable, and paying salaries and distributing cash for personal use.

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    Journalizing Transactions

    Uploaded by

    Eddie Abing Lumaras Jr.
    560 views1 page
    Evangeline Jamili Landscaping Service recorded various business transactions throughout March including depositing cash into the business bank account, investing personal equipment into the business, purchasing assets like a trailer and backhoe partially on credit, paying expenses like rent, insurance and supplies, performing landscaping services for various customers sometimes receiving partial payment, paying bills and supplier accounts, collecting on accounts receivable, and paying salaries and distributing cash for personal use.

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    Evangeline Jamili Landscaping Service recorded various business transactions throughout March including depositing cash into the business bank account, investing personal equipment into the business, purchasing assets like a trailer and backhoe partially on credit, paying expenses like rent, insurance and supplies, performing landscaping services for various customers sometimes receiving partial payment, paying bills and supplier accounts, collecting on accounts receivable, and paying salaries and distributing cash for personal use.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    560 views1 page

    Journalizing Transactions

    Uploaded by

    Eddie Abing Lumaras Jr.
    Evangeline Jamili Landscaping Service recorded various business transactions throughout March including depositing cash into the business bank account, investing personal equipment into the business, purchasing assets like a trailer and backhoe partially on credit, paying expenses like rent, insurance and supplies, performing landscaping services for various customers sometimes receiving partial payment, paying bills and supplier accounts, collecting on accounts receivable, and paying salaries and distributing cash for personal use.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    JOURNALIZING TRANSACTIONS

    Evangeline Jamili Landscaping Service has the following completed transactions:

    Mar. 1 Jamili deposited P200,000 in a bank account in the name of the company business.

    4 Jamili invested personal gardening equipment, with a fair market value of P10,000 in the
    business.

    6 Bought a used trailer on account from Sala Sales, P8,500.

    7 Paid rent for the month, P6,000.

    9 Bought a used backhoe from Mobile Equipment, P62,000, paying P30,000 in cash and
    the balance on account.

    10 Bought liability insurance for one year, P9,000.

    13 Performed landscaping services on account for Tindoy Company, P34,200.

    14 Bought supplies on account from Office Décor, P2,400.

    15 Performed landscaping services on account for Urios University, P25,600.

    17 Received and paid the bill from De Leon Services for gas and oil for the equipment,
    P1,400.

    19 Performed landscaping services for Calimpusan on cash basis, P18,800.

    22 Paid accounts to Sala Sales, P4,000.

    24 Collected accounts from Tindoy Company, P7,000.

    28 Performed landscaping services on account for Gucela Company, P16,250.

    29 Received and paid the telephone bill, P1,860.

    30 Paid the salaries of the employees, P13,400.

    31 Jamili withdrew cash for personal use, P14,000.

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