SAINT JOSEPH COLLEGE, MAASIN, LEYTE ‘Maasin City, Southem Leyte 6600 Philippines Online Activity No. 02 (Fundamentals of Accounting) HM BR 1-101 & 102 Course & Year: Date: Score: The following transactions of L.C. Laundry Shop, were completed during March 2019: March 1 March 6 March 10 March 15 March 20 March 25 March 27 March 31 Lauro Cruz opened a laundry business called the "LC. Laundry Shop" with capital compose of Cash P 20,000.00 Laundry Supplies .. 4,000.00 Laundry Equipment 180,000.00 Paid business tax to the City Treasurer. P1,600.00. Purchased a delivery truck from the Northern Motors for P120,000.00 on credit, Poid rent of the building for the month, P2,000.00. Received P6,000.00 cash for laundry delivered to various customers. Sent charge bil, P4,000.00, for laundry delivered on credit fo the Manila Hotel. Bought laundry supplies on credit from Laundry Supply Store, P3,000.00. Sent charge bills for laundry delivered on credit to D & E Coffee Shop. wwe 4,000.00 Fipinas HOtel..sovsnsseeeenee 5,000.00 Paid two weeks’ salary of the truck driver. 1,500.00 Received cash as collections on credit from Manila Hote. P 2,000.00 D& E Coffee Shop .essmsene en ~ 1,600.00 Filipinas Hotel. e 2,800.00 Received P4,400.00 cash for laundry delivered fo various customers. Pall P1,800.00 to Laundry Supply Store in partial payment of the debt owing to I. Lauro Cruz withdrew P1,000.00 cash for his personal use. Paid P1,400.00 to repairman for repair service on the laundry equipment. Paid in cash the following: Truck driver's two weeks’ salary. avis P 1,500.00 Laundry employees’ salaries. 4,500.00 Water and electric bil. 1,700.00 Delivered laundry to the following: Cash CUSOMETS.sesocsnssteneneene . 7 P 2,600.00 Manila Hotel (on credit) 1,900.00 Filpinas Hotel (on credit). 2,400.00 An actual Count showed Ihal the laundry supplies invested and bought, only P2,000.00 worth of supplies unused, while the P5,000.00 worth of supplies were used during the month.CHART OF ACCOUNTS Assets: 10 Cash u Mania Hotel 12 D&E Coffee shop 13 Filipinas Hotel 4 Laundry Supplies 2» Loundry Equipment 21 Delivery ruck Uobiities: x” Laundry Supply Store 31 Northern Motors Capital: 40 Laure Cruz, Capital 41 Laure Cruz, Drawings Requirements: 1. Joumalize the transactions using the General Journal Sheets. 2. Post journal entries to the General Ledger. 3. Prepare a Trial Balance. Income: Expenses: 60 él BRSRw 66 Laundry Income Laundry Supplies Used Rent Expense Delivery Salaries Repairs and Maintenance Water and Electricity Taxes and licenses Laundry SalariesGENERAL JOURNAL Date Particulars Debit CreditGENERAL JOURNAL Page Date Particulars Debit CreditGENERAL LEDGER Page: Account Name: Cash Account Code: 0 Date Pariculars Balance Debit ‘Credit Account Name: Manila Hotel Account Code: Date Parievlare ‘Account Name: DEECofiee Shop ‘Account Code: 2 Date Particulars Enhy Balance Credit Debit Credit ‘Account Nam Fllpinas Hotel AccountCode:___13_— Date Pariiculare Enhy ‘Account Name: __Laundry Supplies _ = ‘Account Code: 4 Date. Particulars Enhy Balance Credit Debit CreditGENERAL LEDGER ‘Account Name:___Laundry Equipment Date Particulars Enhy Balance Debit ‘Account Name: __Delivery Truck _ Date Particulars Debit ‘Account Name:___Laundry Supply Store ‘Account Code: 30. Balance Debit Credit Account Name: Notthem Motors Account Code: 31. Date Particulars Enhy Balance Debit Credit Debit Credit Account Name: Lauro Cruz, Capital Account Code: __40 Date Particulars Enhy Balance Debit Creat Debit ‘Credit Lauro Cruz, Drawings Account Code: 41 Paricviars Debit Credit Debit Creat Account Code: 50GENERAL LEDGER Page: __3 ‘Account Name: Laundry Supplies Used Account Code: 60 : Date Particulars F Entry Balance Debit Credit Debit Credit Account Name: Rent Expense. — Account Code: si Date Particulars F Entry Balance, Debit ‘Credit Debit Credit ! ‘AccountName: ___Delivery Salaries Account Code: 62 Balance Debit ‘Credit ‘Account Name: Repairs and Maintenance Account Code: __43 Date Parlicvlars F Enty Balance ~ Debit Credit Debit Credit L ‘Account Name: ___ AccountCode: 64 Date. F Balance Debit Credit ‘Account Name: __Taxes and licenses_ Account Code: ___45 Date Paniculars F Enhy_ Balance Debit ‘Creat Debit ‘Credit ‘Account Name: Laundry Salaries Account Code: _66 Date Parliculars F Entry Debit GreatTRIAL BALANCE TRIAL BALANCE ee EEE Debit Creait Php) PAB. TOTAL Php Php