Atibagos, Baby Joy BSBA MM II-B

EXERCISE A
EXERCISE B
 MADALING REPAIR SHOP
T- ACCOUNT
FOR THE MONTH ENDED JUNE 30,2021

CASH MR. RICHARD YAP, CAPITAL TAXES AND LICENSE

₱ 150,000- ₱ 2,500- ₱ 150,000- ₱ 2,500-
35,000- 5,000-
23,000- 20,000- ₱ 150,000-
10,000- 4,000- ₱ 2,500-
23,000- 18,000-
7,000-
20,000- RENT EXPENSE REPAIR EQUIPMENT
241,000- 77,000- ₱ 5,000- ₱ 40,000-
₱ 164,000-

₱ 5,000- ₱ 40,000-

ACCOUNTS PAYABLE REPAIR SUPPLIES SERVICE REVENUE

₱ 20,000- ₱ 4,000- ₱ 35,000-
23,000- 23,000- 20,000-
2,000- 2,000-
23,000- ₱ 55,000-

₱ 68,000- ₱ 29,000-

ACCOUNTS RECEIVABLE SALARIES EXPENSE MR.YAP, DRAWING

₱ 20,000- ₱ 23,000- ₱ 18,500- ₱ 7,000-
10,000- 20,000-
33,000-
₱ 7,000-
₱ 20,000- ₱ 33,000- ₱ 38,500-
₱ 13,000-

UTILITIES EXPENSE
UTILITIES PAYABLE ₱ 10,000-
₱ 10,000-

₱ 10,000- ₱ 10,000-
 MADALING REPAIR SHOP
TRIAL BALANCE
FOR THE MONTH ENDED JUNE 30,2021

ACCOUNT TITLE DEBIT CREDIT

Cash ₱ 108,000-
Accounts Receivable 10,000-

Repair Supplies 29,000-

Repair Equipment 40,000-
Accounts Payable ₱32,000-

Mr. Richard Yap, Capital 150,000-

Mr. Yap, Drawings 7,000-
Service Revenue
78,000-
Rent Expense 5,000-

Salaries Expense 38,500-

Utilities Expense 10,000-
Taxes and License 2,500-

₱ 260,000- ₱ 260,000-