March 1 Dianne invested the following to start a mechanic shop: 1,500,000 cash and 500,000 worth

of equipment

March 3 Dianne bought an additional machine on account from Lara Company worth 700,000.

March 7 Dianne rendered service worth 150,000 to Julianne; half of it was earned in cash and the
other half payable on March 15

March 9 Dianne received a bank loan from 123Bank amounting to 200,000

March 15 Dianne received balance due from Julianne

March 16 Billed Michael 100,000 and received 25% in cash

March 17 Dianne rendered service on account, 50,000

March 20 Bought supplies worth 60,000 and made 60% down payment

March 22 Received 40% from Michael’s remaining balance

March 25 Paid Lara Company

March 27 Rendered service, 300,000 and collected amount earned last March 17

March 28 Dianne withdrew 10,000 for personal use

March 29 Paid 20,000 for electricity, 2,000 for water, and 70,000 to her workers

March 30 Paid rent, 25,000

Date Account Title (Debit) Account Title Debit Credit
(Credit)
3/1 Cash 1,500,000
Equipment 500,000
Dianne, Capital 2,000,000
#
JOURNAL
 T ACCOUNTS

Cash Equipment
Debit Credit Debit Credit
1,500,000 36,000 500,000
75,000 700,000 700,000
200,000 92,000 1,200,000
75,000 25,000
25,000 10,000
30,000
350,000
2,255,000 863,000
1,392,000
Trial Balance