Name: SAINT JOSEPH COLLEGE, MAASIN, LEYTE Maasin City, Southern Leyte 6600 Philippines Final Exam (Fundamentals of Accounting) HM BR 1-101 102 Course & Year: Date: Score: (On December 1, 2019, Jerry Tilaon established JT Catering Service. Transactions completed during the month are as follows: December 2 December 4 December 5 December 6 December 9 December 11 December 12 December 16 December 18 December 22 December 27 December 28 December 31 Tilaon deposited Php165,000 in a bank account in the name of the business. Bought a service vehicle from Ejpidio Motors for Php 194,900. paying Php25,000 in cash and placing the balance on account. Bought catering equipment on account from Quirino Equipment, Php28,500. Paid rent for the month, Phpé,200. Rendered catering services for cash, Php24,200. Bought supplies for cash, Php,800. Bought insurance for the service vehicle for one year, Php4,000. Received and paid the utities bil, Php6,040. Received a bill from Panaon Gas for gas and oll used by the service vehicle, Phpé,080. Rendered catering services on account, Php28,240. Performed catering services for cash for the remainder of the month, Php25,200. Paid salaries of the part-time assistants, Php! 1.200. Tiaon withdrew cash for personal use, Phph!5,500. CHART OF ACCOUNTS Assots: Income: Code Name Code Name 10 12 13 4 15 Cash 40 Catering Income Accounts Receivable Prepaid Insurance Expenses: Supplies Code Name Service Vehicle 50 Rent Expense Equipment 51 Ufilties Expense. 52 Fuel Expense Uabtity: 53 Salary Expense Code Name 2 Accounts Payable Capital: Code Name 30 31 Jerry Tigon, Capital Jey Tilgon, Drawings Requirements: 1. Journalize the transactions using the General Journal Sheets. 2. Post journal entries to the General Ledger. 3, Prepare a Trial Balance,GENERAL JOURNAL DateGENERAL JOURNAL Page: 2 Date CreditGENERAL LEDGER Page: __1 ‘Account Name: Cash Account Code: 10 Date Particulars Enhy Balance Debit ‘Credit Debit ‘Credit Account Name: ___ Accounts Receivable ‘Account Code: 11. Date. Pariicuiars F Eniy Balance Debit Credit Debit Credit ‘Account Name:___ Prepaid insurance Account Code: 12 Date Partieviars F Enhy Balance Debit Credit Debit ‘Credit wupplies Account Code: ___13 Date Particulars F Balance as Debit Credit ‘Account Name: Service Vehicle ‘Account Code: rr Date Particulars F Balance Debit ‘Credit ‘Account Name: Equipment ‘Account Code: 5 Date Parliculars F Entry Balance Debit Creat Debit GreatGENERAL LEDGER ‘Account Name: Accounts Payable Date Account Name: Jen Tlaon, Capital Page: 2 ‘Account Code: ___20 Balance Debit Creat Account Code: __ 30 Date. Parliculars Enhy_ Balance Debit ‘Credit — rf Seat ‘Account Name: deny tigen, Drawings ‘Account Code: Fi Date Particulars Balance Debit Debit Credit Account Name: __Catering Income _ Date Particulars Balance Debit Great ‘Account Name:___Rent Expense ‘Account Code: __ 50 Date Pariicvlars Enhiy Balance Debit Credit Debit Credit ‘Account Name: Utilities Expense — Account Code: __51 Date. Particulars Entry Balance Debit Credit Debit Credit ‘Account Name:__Fuel Expense ‘Account Code: __52, Date Particulars Enhy Balance Debit Creat Debit CreatGENERAL LEDGER ‘Account Name: Solary Expense Page: _3 Account Code: 53 Date Particulars nity Balance Debit ‘Credit Debit ‘CreditTRIAL BALANCE TRIAL BALANCE ‘Account Titles