Gamay Laundry Shop

Trial Balance
March 31, 2021
320 Cash P 8,750
326 Accounts Receivable 2,320
333 Supplies 1,900
369 Equipment 9,000
401 Accounts Payable 5,500
406 Unearned Revenue 800
452 Gamay, Capital 15,670_
Total P 21,970 P 21,970
The April transactions are as follows:
April 5- Received P1,250 cash for services rendered.
10- Billed customers for services performed P6,000.
15- Paid employees’ salaries P1,400.
16- Perform P600 of services from customers who paid in advance last February.
20- Paid to creditors P2,000.
21- Received P3,000 from customers for services rendered on account last March 10.
26- Purchased supplies on account at cost P750.
27- Withdrew P500 for personal use.
30- Paid utilities P500
Additional Information: Provision should be made for the following additional accounts.
456 Gamay, Drawing 658 Salaries Expense
469 Laundry Income 725 Utilities Expense
Requirement: Make/Do the following
1. April journal entries 2. General Ledger posting for the month 3. Unadjusted Trial Balance
2018 Account Titles and Explanations F Debit Credit
April 5 ___________________________ _______
_____________________________ _______
To record cash receipt from customers

10 __________________________ _______
____________________________ _______
To record services rendered on account

15 __________________________ _______
____________________________ _______
To record payment of salaries to employees

16 ________________________ _______
___________________________ _______
To record services rendered paid in advance

20 _______________________ _______
__________________________ _______
To record payment to creditors

21 ______________________ _______
__________________________ _______
To record payment from customers

26 ______________________ _______
_________________________ _______
To record supplies purchase on account

27 _____________________ _______
___________________________ _______
To record drawing for personal use

30 ____________________ _______
___________________________ _______
To record payment of utilities
EXERCISE NO. 2:
Dr. Jonathan Alegre opened a medical Clinic in Oroquieta City. As a bookkeeper, you need to make journal
entries on the completed transactions during the first month of its operation using the given chart of accounts.
Chart of Accounts
Assets Owner’s Equity
Cash on Hand J. Alegre, Capital
Accounts Receivable J. Alegre, Drawing
Unused Medical Supplies Income
Furniture & Fixtures Medical Fees Income
Medical Equipment Expenses
Liabilities Salaries Expense
Accounts Payable Taxes and Licenses
Notes Payable Utilities Expense
Transactions:
Sept 1 Dr. Alegre invested cash amounting to P950,000 and a clinic furniture worth P250,000.
2 Bought medical equipment on account from Medical Equipment Supply amounting to P750,000,
paying P200,000 and issued a note for the balance.
4 Bought medical supplies for cash P100,000
5 The doctor withdrew for his personal use, P15,000.
7 Medical fees income earned for the week:
Cash P50,000
On Account 60,000
9 Dr. Alegre made an additional cash investment of P350,000
11 Full payment of the note issued to Medical Equipment Supply
14 Medical fees income earned for the week:
Cash P30,000
On Account 10,000
15 Collected in full the patient’s account on Sept. 7, P60,000
18 Bought medical supplies on account from AMESCO P30,000
28 Medical fees income for two weeks:
Cash P40,000
On Account 70,000
30 Paid the following expenses:
Taxes and licenses, P20,000; Salaries of attendants, P45,000 and Utilities P40,000.