MR. LOK - ctto PDF

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DATE ACCOUNT TITLES Dec. 1 Cash Transportation equipment Mr. Lok, capital * to record initial Investment of the owner

₱

DEBIT 680,000.00 1,125,000.00

CREDIT

₱

2 accounts Receivables Service Income *To record servive rendered on account.

1,805,000.00

9,000.00 9,000.00

3 Transportation equipment 588,000.00 Accounts payable- Fords Motors * To record purchased Transportation equipment on account. 7 Cash

588,000.00

77,000.00

Service income * To record service rendered in cash

77,000.00

15 Accounts Receivables- Y Co. Service Income *To record service rendered in account.

12,000.00 12,000.00

16 Accounts payable- Fords Motors Cash * To record payments to Ford motors

588,000.00 588,000.00

18 cash

5,000.00

Accounts Receivables- Y Co. * To record Collection from Y co.

5,000.00

20 Utilities Expense Utilities Payable- PLDT * To record received telephone bill.

1,000.00

26 Utilities expense Cash * To record payment for utilities

1,990.00

27 Cash

7,000.00

1,000.00

1,990.00

Accounts Receivables- Y Co. *To record service rendered on account.

7,000.00

28 Utilities Payable- PLDT Cash * To record payment for telephone

1,000.00

29 Salary Expense Cash * To record payment for salary

4,500.00

1,000.00

4,500.00 ₱

3,099,490.00 ₱

3,099,490.00

CASH Debit 680,000.00 77,000.00

Dec. 1 ₱ 7

Credit

5,000.00

27

7,000.00

₱

Debit Dec. 16 ₱

₱ 18

ACCOUNTS PAY

769,000.00 173,510.00

588,000.00

Dec. 6

1,990.00

26

1,000.00 4,500.00 595,490.00

28 29

Cred ₱ 588,000.00

UTILITIES PAYA Debit Dec. 28 ₱

Cred ₱ 1,000.00 -

ACCOUNTS RECIVABLES Debit Dec. 2 ₱ 9,000.00 15.00 12,000.00

Credit

₱

₱

21,000.00 9,000.00

5,000.00

Dec. 18

7,000.00 12,000.00

27.00

MR. LOK, CAPIT Debit

Cred ₱ 1 1

TRANSPORTATION EQUIPMENT Oct. 4 ₱

Debit 1,125,000.00 588,000.00

₱

1,713,000.00

SERVICE INCOM

Credit Debit

Cred ₱

UTILITIES EXPE Dec. 20

1,000.00

₱

26

1,990.00

2,990.00

₱

SALARIES EXPENSE Debit Dec. 28 ₱

₱

Cred 4,500.00

4,500.00...