Shining Printing House, owned by Marianne, had the following transaction in Febuary, 2019

Feb. 1 - Marianne invested the following:

2 - Paid the following by issuing check

3 - Received issued check for printing services,

4 - Bought office supplies on account,

6 - Billed the customer for various services,

8 - Paid the advertising for six-month period, issued check

10 - Received notes from customer for various services,

12 - Received check amounting to P25,000.00 as partial payment of Febuary 6

billing. The check was deposited immediately.

14 - Withdrew P10,000.00(check) for personal use

15 - Paid the salaries of the workers equivalent to one-half of the monthly pay,
P 10,000.00, issued check

16 - Issued check as payment of office supplies from Feb.4 transaction

18 - Received cash for services rendered, P40,000.00. The cash remained in the vault.

20 - Collected the balance of Febuary 6 billing

24 - Billed the customer for various services,

25 - Collected one-half of the notes on Febuary 10, check

28 - Purchased office supplies on account, P15,000.00
- Paid the following by issuing checks
House, owned by Marianne, had the following transaction in Febuary, 2019

Marianne invested the following:

Cash in bank
Printing equipment
Binding equipment

Paid the following by issuing check

Taxes and licenses
Rent expenses

Received issued check for printing services,

Bought office supplies on account,

Billed the customer for various services,

Paid the advertising for six-month period, issued check

Received notes from customer for various services,

Received check amounting to P25,000.00 as partial payment of Febuary 6

billing. The check was deposited immediately.

Withdrew P10,000.00(check) for personal use

Paid the salaries of the workers equivalent to one-half of the monthly pay,
P 10,000.00, issued check

Issued check as payment of office supplies from Feb.4 transaction

Received cash for services rendered, P40,000.00. The cash remained in the vault.

Collected the balance of Febuary 6 billing

Billed the customer for various services,

Collected one-half of the notes on Febuary 10, check

Purchased office supplies on account, P15,000.00
Paid the following by issuing checks
Transportation expenses
Light and water expenses
Salaries for the remaining one-half
 Journal
Date Particulars Polio Debit

P 300,000.00
600,000.00
150,000.00

P 10,000.00
8,000.00

P 40,000.00

P 10,000.00

P 60,000.00

P 15,000.00

P 30,000.00

P 75,000.00
P 3,000.00
15,000.00
Credit
Journal
Date Particulars Polio Debit Credit
Shining Printing House, owned by Marianne, had the following transaction in Febuary, 2020

Feb. 1 - Marianne invested the following:

Cash in bank P 300,000.00
Printing equipment 600,000.00
Binding equipment 150,000.00

2 - Paid the following by issuing check

Taxes and licenses expenses P 10,000.00
Rent expenses 8,000.00

3 - Received issued check for printing services, P 40,000.00

4 - Bought office supplies for the month, on account. P 10,000.00

6 - Billed the customer for various services, P 60,000.00

8 - Paid the advertising for six-month period, issued check P 15,000.00

10 - Received notes from customer for various services, P 30,000.00

12 - Received check amounting to P25,000.00 as partial payment of Febuary 6

billing. The check was deposited immediately.

14 - Withdrew P10,000.00(check) for personal use

15 - Paid the salaries of the workers equivalent to one-half of the monthly pay,
P 10,000.00, issued check

16 - Issued check as payment of office supplies from Feb.4 transaction

18 - Received cash for services rendered, P40,000.00. The cash remained in the vault.

20 - Collected the balance of Febuary 6 billing

24 - Billed the customer for various services, P 75,000.00

25 - Collected one-half of the notes on Febuary 10, check

28 - Purchased additional office supplies for the month, on account. 15,000.00

- Paid the following by issuing checks
Transportation expenses P 3,000.00
Light and water expenses 15,000.00
Salaries for the remaining one-half
 Year Particulars P.R. Debit Credit
Feb. 1 Cash in bank L1 300,000.00
Printing equipment L1 600,000.00
Binding equipment L1 150,000.00
Marianne, Capital L2 1,050,000.00
To record the initial
investment

2 Taxes and Licenses expense L2 10,000.00

Rent expenses L2 8,000.00
Cash in bank L1 18,000.00
To record the expenses

3 Cash in bank L1 40,000.00

Printing Income L2 40,000.00
To record the cash services

4 Office supplies expense L2 10,000.00

Accounts payable L2 10,000.00
To record the expenses on
account

6 Accounts receivable L1 60,000.00

Printing Income L2 60,000.00

8 Advertising expenses L2 15,000.00

Cash in bank L1 15,000.00

10 Notes receivable L1 30,000.00

Printing Income L2 30,000.00

12 Cash in bank L1 25,000.00

Accounts receivable L1 25,000.00

14 Marianne, Drawing L2 10,000.00

Cash in bank L1 10,000.00
15 Salaries and Wages expenses L2 10,000.00
Cash in bank L1 10,000.00

16 Accounts payable L2 10,000.00

Cash in bank L1 10,000.00

18 Cash on hand L1 40,000.00

Printing Income L2 40,000.00

20 Cash in bank (60,000 - 25,000) L1 35,000.00

Accounts receivable L1 35,000.00

24 Accounts receivable L1 75,000.00

Printing Income L2 75,000.00

25 Cash in bank (30,000/2) L1 15,000.00

Notes receivable L1 15,000.00

28 Office supplies expense L2 15,000.00

Accounts payable L2 15,000.00

Transportation expense L2 3,000.00

Light and water expense L2 15,000.00
Salaries and Wages expense L2 10,000.00
Cash in bank L1 28,000.00
 Shining Printing House
Trial Balance
February 28, 2019

Cash on Hand P 40,000.00

Cash in bank 324,000.00
Accounts receivable 75,000.00
Notes receivable 15,000.00
Printing equipment 600,000.00
Binding equipment 150,000.00
Accounts payable P 15,000.00
Marianne, Capital 1,050,000.00
Marianne, Drawing 10,000.00
Printing income 245,000.00
Taxes and licenses 10,000.00
Rent expenses 8,000.00
Office Supplies expense 25,000.00
Advertising expenses 15,000.00
Salaries and wages expense 20,000.00
Transportation expense 3,000.00
Light and water expense 15,000.00
1,310,000.00 1,310,000.00
 Cash on hand
Feb 18 J1 40,000.00

40,000.00

Cash in bank
1 300,000.00 2
3 40,000.00 8
12 25,000.00 14
20 35,000.00 15
25 15,000.00 16
415,000.00 28

324,000.00

Accounts receivable
6 60,000.00 12
24 75,000.00 20
135,000.00

75,000.00

Notes receivable
10 30,000.00 25

15,000.00

Printing equipment
1 600,000.00

600,000.00

Binding equipment
1 150,000.00

L1 150,000.00

L2 Accounts payable
16 10,000.00 4
28
 Marianne, Capital
1

Marianne, Drawing
14 10,000.00
10,000.00

Printing Income
3
6
10
18
24

Taxes and Licenses

2 10,000.00
10,000.00

Rent Expenses
2 8,000.00
8,000.00

Office Supplies Expense

4 10,000.00
28 15,000.00
25,000.00
25,000.00

Advertising Expense
8 15,000.00
15,000.00

Salaries and Wages

15 10,000.00
28 10,000.00
20,000.00
20,000.00

Transportation expense
28 3,000.00
3,000.00
 Light and water
28 15,000.00
L2 15,000.00

1310000
L1

18,000.00
15,000.00
10,000.00
10,000.00
10,000.00
28,000.00
91,000.00

25,000.00
35,000.00
60,000.00

15,000.00

L2

10,000.00
15,000.00
25,000.00
 15,000.00

1,050,000.00
1,050,000.00

40,000.00
60,000.00
30,000.00
40,000.00
75,000.00
245,000.00
245,000.00

es Expense
1310000
L3

L4