Malou invested a car worth Php 550,000 and a cash of Php 1,200,000

Date Account Title and Explanation

1-Jun
Cash
Equipment
M, Capital
Initial Investment

Borrowed Php 250,000 from Mito Bank

Date Account Title and Explanation
4-Jun
Cash
Loan Payable
Borrowed from Mito Bank

Bought furniture from Slim's Php 30,000 on Account

Date Account Title and Explanation
5-Jun
Cash
Furniture
Bought furniture from Slim's on Account

Withdrew cash Php 100,000 for personal use

Date Account Title and Explanation
6-Jun
M, Drawings
Cash
Witdrawn cash for personal use

Rendered services to Happy tours Php 500,000 on account

Date Account Title and Explanation
15-Jun
Accounts Receivable
Service Revenue
Rendered services to Happy tours

Paid employee's salaries for Php 50,000

Date Account Title and Explanation
21-Jun
Salaries Expense
Cash
Paid employee's salaries

Collected amount from Happy tours.

Date Account Title and Explanation
30-Jun
Cash
Service Revenue
Collected amount from Happy tours
cash of Php 1,200,000
Debit Credit

Php 1,200,000.00
Php 550,000.00
Php 1,750,000.00

to Bank
Debit Credit

Php 250,000.00
Php 250,000.00

00 on Account
Debit Credit

Php 30,000.00
Php 30,000.00

rsonal use
Debit Credit

Php 100,000.00
Php 100,000.00

0,000 on account
Debit Credit

Php 500,000.00
Php 500,000.00

50,000
Debit Credit

Php 50,000.00
Php 50,000.00

tours.
Debit Credit

Php 500,000.00
Php 500,000.00
 Gisel invested a cash of Php 1,500,000
Date Account Title and Explanation
1-Aug
Cash
G, Capital

Rendered services to La Swerte Co. Php 75,000 on account

Date Account Title and Explanation
5-Aug
Equipment
Accounts Receivable
Rendered services on account

Bought Equipment from Bill's Shop Php 120,000 issuing a note for the account
Date Account Title and Explanation
6-Aug
Equipment
Notes Payable
Bought equipment issuing a note

Withdrew Php 90,000 for personal use

Date Account Title and Explanation
7-Aug
G, Drawing
Cash
Withdrawn for personal use

Paid rent for the month Php 26,000

Date Account Title and Explanation
10-Aug
Prepaid rent
Cash
Prepaid rent for the month

Made additional investment of Php 32,000 in the business

Date Account Title and Explanation
15-Aug
Cash
Investment
Made additional investment in the business
 Debit Credit

Php 1,500,000.00
Php 1,500,000.00

account
Debit Credit

Php 75,000.00
Php 75,000.00

ote for the account

Debit Credit

Php 120,000.00
Php 120,000.00

Debit Credit

Php 90,000.00
Php 90,000.00

Debit Credit

Php 26,000.00
Php 26,000.00

business
Debit Credit

Php 32,000.00
Php 32,000.00