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Journal Entry posting to the Ledger and Trial Balance Preparation 21 - Withdraw cash...

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Accounting

imageimageJournal Entry

posting to the Ledger and Trial Balance Preparation 21 - Withdraw cash of P5,000 for her personal use. 22 - Billed a customer for servics rendered, P25,000. 25 - Paid rental for the month, P4,000. 28 - Collected P10,000 from customer's account of July 15. 31 - Paid salaries for the month, P8,000. 31 - Paid telephone bills, P4,000 31 - Received cash P15,000 but services has to be rendered yet. Journalizing, Posting and Trial Balance Preparation Allen Monta opens a laundry shop business in Valencia City. The following we transactions for the first month of operation: July 1 - Opened an account with Union Bank, P350,000. 2 - Acquired Laundry Equipment costing P75,000, paying cash of P25,000 and issued a note for the balance. 5 - Bought a second-hand delivery van on account, P65,000. 9 - Bought laundry supplies for cash, P25,000. 15 - Rendered laundry services to various hotels in the city and received cash, P30,000 and on account, P15,000. 17 - Paid light and water expense, P6,000. (utilities expense) 19 - Full payment of laundry equipment, P25,000. 212

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