Salvador, Khriza Joy R.

January 27, 2021

12-Abm 3 ASSIGNMENT 6B

 
The  following are transactions of Bagalia Trucking Services for the month of August. 
 

2017  

August

1 Purchased a used delivery truck from Boo Lok Motors for Php 230 000 cash

3 Mr. Bagalia transferred Php 500 000 from his savings account to the account of Bagalia
Trucking Services.

4 Received Php 50 000 cash payment from Choo Mart for trucking services rendered.

9 Paid Business Magazine Php 3 000 for advertising services

10 Paid Php 12 300 to Palpak Repair Shop for truck repairs.

16 Paid driver’s two week salary, Php 6 700

19 Sent bill to Snozz Trading for trucking services rendered, Php 34 000.

27 Mr. Bagalia bought equipment for personal use using business funds, Php 33 000

30 Received bill from Petron Gasoline Station, Php 29 000

 
REQUIRED ;
 
1.     Journalize the transactions.
2.    Post them on T- Accounts
3.    Prepare the Trial Balance
 BAGALIA TRUCKING SERVICES
MONTH OF AUGUST 2017

GENERAL JOURNAL

DATE ACCOUNT TITLE AND EXPALANATION P.R DEBIT CREDIT

2017
AUGUS 1 Delivery Truck 230 000
T
Cash 230 000
Purchased delivery truck from Boo
look Motors

3 Cash 500 000

Bagalia, Capital 500 000
Mr. Bagalia transferred money to the
company’s account

4 Cash 50 000
Service Revenue 50 000
Service Rendered

9 Advertising Expense 3 000

Cash 3 000
Paid Business Magazine

10 Repair and maintenance 12 300

Cash 12 300
Paid to Palpak Shop

16 Salary Expense 6 700

Cash 6 700
Paid driver’s two week salary

19 Account Receivable 34 000

Service Revenue 34 000
Sent bill to Snozz Trading

27 Equipment
Cash 33 000
Bought equipment for personal use 33 000
using business funds

30 Utilities Expense 29 000

Utilities Payable 29 000
Received bill from gasoline station
 T-ACCOUNTS

Cash Equipment
8/3 500 000 8/1 230 000 8/1 230 000
8/9 3 000 8/27 33 000
8/4 50 000 8/10 12 300
8/16 6 700 Service Revenue
8/27 33 000 Bagalia, Capital

8/4 50 000 8/3 500 000

8/19 34 000

Repairs and Maintenance Advertising Expenses

8/10 12 300 8/9 3 000

Account Receivable Salary Expenses

8/19 34 000 8/16 6 700

Utilities Expense Utilities Payable

8/30 29 000 8/30 29 000

TRIAL BALANCE
 ACCOUNT TITLE AND EXPLANATION DEBIT CREDIT
Cash 265 000
Account Receivable 34 000
Office Equipment 230 000
Accounts Payable 29 000
Mr. Bagalia Capital 500 000
Mr. Bagalia Drawing 33 000
Service Revenue 84 000
Advertising Expense 3 000
Salaries Expense 6 700
Repair Expense 12 300
Utilities Expense 29 000
TOTAL 613 000// 613 000//