PERLAS B.

FLORDELIZA 11-28-21
12-ABM(PASIG CAMPUS) Mr. Joshua D. Gonzales
ACCOUN2
Activity #2

Accounting Books - Journal and Ledger

Practice Set No. 1
(Friendly Trucking) On April 1, 2021, Nels Ferrer organized a business called Friendly Trucking. During April,
the company entered into the
Apr 1 Nels Ferrer deposited Php500,000 cash in a bank account in the name of the business.
Apr 1 Purchased for Php250,000 a transportation equipment to be use in the business. Nels paid 50% as
down payment while the balance will be paid on May 15, 2021
Apr 1 Paid rental for the month of April, Php 5,000
Apr 5 Earned and collected trucking income from Ryan, Php8,000
Apr 8 Earned trucking income from Jesper, Php 30,000 on account. Jesper will pay on May 8, 2021
Apr 10 Paid salaries of drivers, Php10,000
Apr 15 Rented the vehicle to Joshua for Php35,000, Joshua paid Php20,000 on that date and the balance on
April 20
Apr 18 Paid electric bills for the month, Php2,000
Apr 20 Collected from Joshua the balance of his April 15 account
Apr 25 Purchased office supplies, Php2,300
Apr 29 Earned and collected trucking income from Jay, Php 18,000
a. Journalize the above transactions
b. Post to ledger using the T-account format
c. Prepare the unadjusted trial balance, as of April 30, 2021
A.GENERAL JOURNAL.
DATE PARTICULARS AND EXPLANATIONS P/R DEBIT CREDIT
Apr. 1 Cash P500,000.00
Ferrer’s, Capital 500,000.00
To record Ferrer’s capital on cash

Apr. 1 Transportation Equipment 250,000.00

Cash 125,000.00
Accounts Payable 125,000.00
To record equipment on accounts

Apr. 1 Rental Expense 5,000.00

Cash 5,000.00
To record rental expense on cash

Apr. 5 Cash 8,000.00

Service Revenue 8,000.00
To record service revenue on cash

Apr. 8 Accounts Receivable 30,000.00

Service Revenue 30,000.00
To record service revenue on accounts

Apr. 10 Salaries Expense 10,000.00

Cash 10,000.00
To record salaries expense on cash

Apr. 15 Cash 20,000.00

Accounts Receivable 15,000.00
 Service Revenue 35,000.00
To record account and revenue on cash

Apr. 18 Utilities Expense 2,000.00

Cash 2,000.00
To record utilities expense on cash

Apr. 20 Cash 15,000.00

Accounts Receivable 15,000.00
To record accounts on cash

Apr. 25 Office Supplies 2,300.00

Cash 2,300.00
To record supplies on cash

Apr. 29 Cash 18,000.00

Service Revenue 18,000.00
To record service revenue on cash
B. LEDGER USING T-ACCOUNT FORMAT

CASH

DEBIT CREDIT

Apr. 1 500,000.00 Apr. 1 125,000.00

Apr. 5 8,000.00 Apr. 1 5,000.00
Apr. 15 20,000.00 Apr. 10 10,000.00
Apr. 20 15,000.00 Apr. 18 2,000.00
Apr. 29 18,000.00 Apr. 25 2,300.00

561,000.00 144,300.00

416,700.00
TRANSPORTATION EQUIPMENT

DEBIT CREDIT
Apr. 1 250,000.00
ACCOUNTS RECEIVABLE
250,000.00
DEBIT CREDIT

Apr. 8 30,000.00 Apr. 20 15,000.00

Apr. 15 15,000.00

45,000.00 15,000.00

30,000.00
 ACCOUNTS PAYABLE

DEBIT CREDIT

Apr. 1 125,000.00

125,000.00

FERRER’S CAPITAL

DEBIT CREDIT

Apr. 1 500,000.00

500,000.00

SERVICE REVENUE

DEBIT CREDIT
 Apr. 5 8,000.00
Apr. 8 30,000.00
Apr. 15 35,000.00
Apr. 29 18,000.00

91,000.00

RENTAL EXPENSE

DEBIT CREDIT

Apr. 1 5,000.00

5,000.00

SALARIES EXPENSE

DEBIT CREDIT

Apr. 10 10,000.00

10,000.00
 UTILITIES EXPENSE

DEBIT CREDIT

Apr. 18 2,000.00

2,000.00

SUPPLIES EXPENSE

DEBIT CREDIT

Apr. 25 2,300.00

2,300.00
C. PREPARE UNADJUSTED TRIAL BALANCE
Account Title DEBIT CREDIT
Cash 416,700.00
Accounts Receivable 30,000.00
Transportation Equipment 250,000.00
Accounts Payable 125,000.00
Ferrer’s Capital 500,000.00
Service Revenue 91,000.00
Rental Expense 5,000.00
Salaries Expense 10,000.00
Utilities Expense 2,000.00
Supplies Expense 2,300.00
TOTAL 716,000.00 716,000.00
Ferrer’s Friendly Trucking
Unajusted Trial Balance
As of April 1, 2021