IT Application Tools in Business-Activity 1

EAGLE TRAVEL SERVICE
as of the month of July, 20xx
Date Description Ref.

July 1 Cash P
Furniture and Fixtures
Pascual, Capital
Cash and Furniture investment by the owner.
July 3 Prepaid Rent

Cash
Cash deposit for rent/lease by Robinson's Realty.
July 5 Miscellaneous Expense

Cash
Payment for business brochures and calling cards.
July 6 Equipment - Office

Accounts Payable
Bought office equipment on account.
July 8 Supplies - Office

Cash
Bought office supplies in cash.
July 10 Cash
Service Income
Collection for the travel papers of Mr. and Mrs. Adams.
July 11 Operating Expenses

Cash
Paid for passport and other document fees.
July 12 Cash
Commission Income
Commission from the airline and hotel.
July 13 No Entry
Signed an agreement with Golden Talent Agency for the processing of travel papers
of their talents.
July 14 Accounts Receivable

Service Income
Billed DLSU for the processing of their travel papers.

Commission Income
Billed Phil. Airline for commission
July 16 Salaries Expense

Cash
Paid for employees' salary
July 18 Transportation Expense

Cash
Paid for transportation fee
July 19 Pascual, Drawings

Cash
Withdrawal of owner for profits to be earned
July 20 Passport and Documents Fee

Cash
Paid for passport and documents expenses
July 24 Cash
Accounts Receivable
Collected cash from Phil. Airlines

Service Income
Billed Golden Talent Agency for processing of papers
July 30 Telephone Expense

Cash
Paid for PLDT
Utilities Expense
Cash
Paid for Meralco
Salaries Expense
Cash
Paid for salaries
Dr Cr
100,000.00
22,500.00
P 122,500.00
30,000.00
30,000.00
5,000.00
5,000.00
12,500.00
12,500.00
1,500.00
1,500.00
3,000.00
3,000.00
1,200.00
1,200.00
5,000.00
5,000.00
15,000.00
15,000.00
10,000.00
10,000.00
12,500.00
12,500.00
1,500.00
1,500.00
1,500.00
1,500.00
7,500.00
7,500.00
5,000.00
5,000.00
10,000.00
10,000.00
3,000.00
3,000.00
4,500.00
4,500.00
12,500.00
12,500.00
BUDGETING DRIVING INSTITUTE
as of the month of April, 2018

April 2 Cash P
Rosales, Capital
Owner invested cash, furniture and fixtures
April 4 Cars
Cash
Notes Payable
Purchased 2nd hand cars, 50% paid, 50% promissory note
April 5 Office Equipment

Cash
Bought office equipment
April 6 No entry
Two students driver filled up an application
April 7 Gas and Oil Expense

Cash
Paid for gas and oil
April 8 Advertising Expense

Cash
Paid for advertisment
4/11/2011 Cash
Driving Fees Revenue
Two students paid
4/14/2018 Cash
Accounts Receivable
Two students billed but only one paid in cash
4/15/2018 Salaries Expense

Cash
Paid salaries for the first half of April
4/19/2018 Rosales, Drawings

Cash
Ms. Rosales made a cash withdrawal
4/20/2018 Cash
Accounts Receivable
Billed driving fees to various clients but only 50% paid
4/26/2018 Rent Expense

Accounts Payable
Office rent due
4/27/2018 Utilities Expense

Cash
Paid utility bills in cash

Cash
Paid salaries for the second half of April
Dr Cr
250,000.00
15,000.00
P 265,000.00
300,000.00
150,000.00
150,000.00
12,000.00
12,000.00
2,000.00
2,000.00
10,000.00
10,000.00
4,000.00
4,000.00
2,000.00
2,000.00
4,000.00
4,500.00
4,500.00
1,500.00
1,500.00
3,500.00
3,500.00
7,000.00
7,500.00
7,500.00
4,500.00
4,500.00
4,500.00
4,500.00
BUDGETING DRIVING INSTITUTE
as of the month of May, 2018
May 2 Accounts Payable P
Cash
Payment for the rent bill
May 3 Repairs
Accounts Payable
Received a bill for repair work
May 4 Cars
Cash
Owner invested two taxi units
May 5 Insurance and Taxes and Licenses

Cash
Paid for insurance and taxes and licenses
May 6 No entry
Hired two drivers for the taxi units
May 7 Cash
Boundary Fees
Collected revenues
5/8/2018 Gas and Oil Expense

Cash
Paid gas and oil
5/9/2018 Office Equipment

Accounts Payabe
Installed an aircon unit in the office
5/12/2018 Accounts Receivable

Cash
The account customers paid in full

Cash
Paid for semi monthly salaries
5/20/2018 Cash
Accounts Receivable
Collected and uncollected revenues
5/21/2018 Accounts Payable

Cash
Payment for repair work
5/27/2018 Cash
Boundary Fees
Collected boundary fees
5/28/2018 Gas and Oil Expense

Repairs
Cash
Payment for gas and oil used and repair of taxis
May 31 Rent Expense

Salaries Expense
Cash
Payment for rent and salaries
Dr Cr
7,500.00
P 7,500.00
3,500.00
3,500.00
500,000.00
500,000.00
4,000.00
4,000.00
8,100.00
3,600.00
4,500.00
4,500.00
4,500.00
12,500.00
12,500.00
5,500.00
5,500.00
4,500.00
4,500.00
6,500.00
1,000.00
7,500.00
3,500.00
3,500.00
12,000.00
12,000.00
4,500.00
2,500.00
7,000.00
7,500.00
4,500.00
12,000.00
MEGA THEATER
as of the month of December, 20XX

Dec. 1 Cash P
Vergel, Capital
Invested cash
Dec. 3 Equipment
Cash
Notes Payable
Purchased in cash and the remaining in note
Dec. 4 Prepaid Rent

Cash
Signed a contract and gave a deposit for renting
Dec. 5 Advertising Expense

Cash
Paid for advertisement
Dec. 6 Furniture and Fixtures

Cash
Accounts Payable
Furniture and fixtures were constructed
Dec. 8 Cash
Sales
Revenue from theater
Dec. 11 Cash
Sales
Additional cash receipts for the week
Dec. 12 Rental of Film

Accounts Payable
Received a bill for the rental of film
Dec. 16 No entry
Leased out part of the lobby for the operation of canteen
Dec. 18 Cash
Sales
Cash receipts for the week
Dec. 19 Taxes and Licenses

Cash
Paid for taxes and licenses
Dec. 23 Accounts Payable

Cash
Paid LVM production for the rental of film
Dec. 25 Cash
Sales
Cash receipts for the week
Dec. 26 Accounts Payable

Cash
Paid partially for the furniture and fixture balance
Dec. 27 Utilities Expense

Cash
Paid meralco and manila waters
Dec. 29 Vergel, Drawing

Cash
Owner made a cash withdrawal
Dec. 30 Rental Films

Accounts Payable
Received a bill from Viva Productions
Dec. 31 Cash
Leased Income
Received payment from the canteen operator
Salaries and Wages

Cash
Paid salaries and wages
Dr Cr
500,000.00
P 500,000.00
500,000.00
200,000.00
300,000.00
100,000.00
100,000.00
15,000.00
15,000.00
150,000.00
75,000.00
75,000.00
20,000.00
20,000.00
14,500.00
14,500.00
15,000.00
15,000.00
15,000.00
15,000.00
1,500.00
1,500.00
10,000.00
10,000.00
14,750.00
14,750.00
15,000.00
15,000.00
9,500.00
9,500.00
5,850.00
5,850.00
25,000.00
25,000.00
3,750.00
3,750.00
12,000.00
12,000.00
ROYAL LAUNDRY SERVICES
as of the month of October, 20XX
Oct. 1 Cash P
De Jesus, Capital
Invested cash and furniture and fixtures
Oct. 2 Washing Machines

Accounts Payable
Bought four washing machines on credit
Oct. 3 Prepaid Rent

Cash
Rented a store space with advance monthly fee
Oct. 4 No entry
Hired a clerk and two workers
Oct. 5 Washing Supplies

Cash
Bought washing supplies
Oct. 6 Cash
Service Income
Rendered services and received cash
Oct. 9 Office Equipment

Accounts Payable
Bought office equipment on account
Oct. 10 Accounts Receivable

Service Income
Billed the clients for the services rendered
Oct. 11 Cash
Service Income
Cash receipts from washing services
Oct. 13 Taxes and Licenses

Cash
Paid taxes and licenses
Oct. 14 Cash
Accounts Receivable
Collected cash on account
Oct. 15 Salaries Expense

Cash
Paid salaries of clerk and workers
Oct. 16 Cash
Accounts Receivable
Collected cash on account
Oct. 17 Cash
Service Income
Collected cash on washing services
Oct. 25 Utilities Expense

Accounts Payable
Received a bill from Meralco
Oct. 26 Accounts Payable

Cash
Paid the bill received from Meralco
Oct. 29 Salaries Expense

Accounts Payable
Cash
Paid salaries and the first installment on washing machines on cash
Oct. 30 Prepaid Rent

Cash
Paid advance rent
Rent Expense
Prepaid Rent
Dr Cr
50,000.00
5,000.00
P 55,000.00
24,000.00
24,000.00
5,000.00
5,000.00
4,500.00
4,500.00
2,500.00
2,500.00
6,000.00
6,000.00
3,750.00
3,750.00
2,500.00
2,500.00
1,500.00
1,500.00
1,000.00
1,000.00
6,000.00
6,000.00
1,500.00
1,500.00
1,500.00
1,500.00
4,550.00
4,550.00
4,550.00
4,550.00
6,000.00
2,000.00
8,000.00
5,000.00
5,000.00
5,000.00
5,000.00
ROYAL LAUNDRY SERVICES
as of the month of October, 20XX
MARCIE'S COMPUTER AND CELLFONE CLINIC
as of the month of May, 2017

May-01 Cash P
Castillo, Capital
Invested cash
May-03 Leased Expense

Cash
Signed a contract of lease and made a cash deposit
May-04 Furniture and Fixtures

Cash
Paid for the construction of furniture and fixtures
May-05 Repair Supplies

Cash
Bought repair supplies in cash
May-08 Repair Equipment

Cash
Accounts Payable
Bought equipment in cash and account
May-09 Cash
Service Income
Collected cash for cellphone repair service
May-10 Accounts Receivable

Service Income
Billed Madison Corp. for computer repair service
May-14 Cash
Notes Receivable
Service Income
Income from computer repair services
May-15 No entry
Signed a contract with Telecom System for the computer repair work
May-16 Utilities Expense

Cash
Paid for utilities
May-18 Accounts Receivable

Service Income
Sent a bill to Telecom System for the repair work done
May-22 Cash
Accounts Receivable
Service Income
Collected cash for services and on account
May-25 Repair Supplies Expense

Repair Supplies
May-28 Cash
Accounts Receivable
Collected 50% owed by Madison Corp.
May-30 Salaries Expense

Cash
Paid salaries
Rent Expense
Cash
Paid rent
May-31 Castillo, Drawing

Repair Supplies
Owner took home repair supplies
Dr Cr
150,000.00
P 150,000.00
15,000.00
15,000.00
50,000.00
50,000.00
7,500.00
7,500.00
15,000.00
7,500.00
7,500.00
1,500.00
1,500.00
7,500.00
7,500.00
8,000.00
2,500.00
10,500.00
3,800.00
3,800.00
15,000.00
15,000.00
8,500.00
12,000.00
20,500.00
2,200.00
2,200.00
3,750.00
3,750.00
10,000.00
10,000.00
15,000.00
15,000.00
2,500.00
2,500.00

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EAGLE TRAVEL SERVICE

as of the month of July, 20xx

Date Description Ref.

July 3 Prepaid Rent

July 5 Miscellaneous Expense

July 6 Equipment - Office

July 8 Supplies - Office

July 11 Operating Expenses

July 14 Accounts Receivable

July 15 Accounts Receivable

July 16 Salaries Expense

July 18 Transportation Expense

July 19 Pascual, Drawings

July 20 Passport and Documents Fee

July 27 Accounts Receivable

July 30 Telephone Expense

as of the month of April, 2018

Date Description Ref.

April 5 Office Equipment

April 7 Gas and Oil Expense

April 8 Advertising Expense

4/15/2018 Salaries Expense

4/19/2018 Rosales, Drawings

4/26/2018 Rent Expense

4/27/2018 Utilities Expense

4/30/2018 Salaries Expense

as of the month of May, 2018

Date Description Ref.

May 2 Accounts Payable P

Payment for the rent bill

Received a bill for repair work

Owner invested two taxi units

May 5 Insurance and Taxes and Licenses

Paid for insurance and taxes and licenses

5/8/2018 Gas and Oil Expense

5/9/2018 Office Equipment

5/12/2018 Accounts Receivable

5/18/2018 Salaries Expense

5/21/2018 Accounts Payable

5/28/2018 Gas and Oil Expense

May 31 Rent Expense

Date Description Ref.

Dec. 4 Prepaid Rent

Dec. 5 Advertising Expense

Dec. 6 Furniture and Fixtures

Dec. 12 Rental of Film

Dec. 19 Taxes and Licenses

Dec. 23 Accounts Payable

Dec. 26 Accounts Payable

Dec. 27 Utilities Expense

Dec. 29 Vergel, Drawing

Dec. 30 Rental Films

Salaries and Wages

Date Description Ref.

Oct. 2 Washing Machines

Oct. 3 Prepaid Rent

Oct. 5 Washing Supplies

Oct. 9 Office Equipment

Oct. 10 Accounts Receivable

Oct. 13 Taxes and Licenses

Oct. 15 Salaries Expense

Oct. 25 Utilities Expense

Oct. 26 Accounts Payable