Professional Documents
Culture Documents
a Cash
Evangelista, Capital
(Initial Investment)
b Furniture and Fixtures
Cash
(cash payment for chairs and tables)
c Supplies Expense
Accounts Payable
(Bought Laundy supplies on account from Subic Supply Inc.)
d Rent Expense
Cash
(Cash Payment for Rent for the month)
e Equipment
Cash
Accounts Payable
(Cash payment of P35,000 and payable of P80,000 for the washing machine and Dryers)
f Cash
Laundry Revenues
(Cash payment for the 1st half of the month Laundry services)
g Prepaid Insurance
Cash
(Cash payment for Prepaid Insurance for the year)
h Accounts payable
Cash
(Cash payment for the accounts payable to Subic Supply Inc.)
i Utilities Expense
Cash
(Cash payment to Utilities expense - Electric)
j Cash
Laundry Revenues
(Cash payment for the 2nd half of the month Laundry services)
k Salaries Expense
Cash
(Cash Payment for the part-time assistant)
l Evangelista. Withdrawals
Cash
(Cash withdrawals of the owner Evangelista)
m Accounts payable
Cash
(Cash payment for accounts payable)
n Miscellaneous Expense
Cash
(Cash Payment for the city government for sidewalk repair)
PR DR CR
P 250,000 1
P 250,000
P 6,700 1
P 6,700
P 3,250 1
P 3,250
P 5,750 1
P 5,750
P 115,000 1
P 35,000
P 80,000
the washing machine and Dryers)
P 19,250 1
P 19,250
P 5,600 1
P 5,600
P 7,000 1
P 7,000
P 2,080 1
P 2,080
P 12,350 1
P 12,350
P 7,400 1
P 7,400
P 5,000 1
P 5,000
P 2,750 1
P 2,750
P 2,800 1
P 2,800