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  • Lycans

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    Riz Vincent German-Cabrera Ando
    23 views3 pages
    The document records various transactions made by a transportation equipment rental business throughout the month. It records cash receipts from rentals and payments for expenses like taxes, fuel, repairs, and inventory. It also records prepaid insurance and adjustments to accounts receivable, unearned revenue, and accounts payable accounts.

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    The document records various transactions made by a transportation equipment rental business throughout the month. It records cash receipts from rentals and payments for expenses like taxes, fuel, repairs, and inventory. It also records prepaid insurance and adjustments to accounts receivable, unearned revenue, and accounts payable accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    23 views3 pages

    Lycans

    Uploaded by

    Riz Vincent German-Cabrera Ando
    The document records various transactions made by a transportation equipment rental business throughout the month. It records cash receipts from rentals and payments for expenses like taxes, fuel, repairs, and inventory. It also records prepaid insurance and adjustments to accounts receivable, unearned revenue, and accounts payable accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    May JOURNALIZING

    1 Transportation Equipment 2,000,000.00


    Cash in Bank 50,000.00
    H. Labasan, Capital 2,050,000.00
    #
    1 Gasoline and Oil 3,500.00
    Cash in Bank 3,500.00
    #
    2 Cash in Bank 20,000.00
    Rental Revenue 20,000.00
    #
    3 Taxes and Licenses 15,000.00
    Cash in Bank 15,000.00
    #
    7 Cash in Bank 12,000.00
    Rental Revenue 12,000.00
    #
    8 Gasoline and Oil 15,000.00
    Accounts Payable 15,000.00
    #
    9 Prepaid Insurance 7,300.00
    Cash in Bank 7,300.00
    #
    10 Tires and Tubes Inventory 8,500.00
    Accounts Payable 8,500.00
    #
    14 Cash in Bank 25,000.00
    Accounts Receivable 10,000.00
    Rental Revenue 35,000.00
    #
    14 accounts Payable 15,000.00
    Cash in Bank 15,000.00
    #
    15 Commission Expense 7,000.00
    Cash in Bank 7,000.00
    #
    16 Repairs and Maintenance 3,500.00
    Cash in Bank 3,500.00
    #
    17 Gasoline and Oil 17,500.00
    Accounts Payable 17,500.00
    #
    22 Cash in Bank 15,000.00
    Unearned Rental Revenue 15,000.00
    #
    22 Cash in Bank 12,000.00
    Accounts Receivable 15,000.00
    Rental Revenue 27,000.00
    #
    22 Commission Expense 7,000.00
    Cash in Bank 7,000.00
    #
    23 Cash in Bank 10,000.00
    Accounts Receivable 10,000.00
    #
    24 accounts Payable 12,000.00
    Cash in Bank 12,000.00
    #
    25 accounts Payable 8,500.00
    Cash in Bank 8,500.00
    #
    26 Cash in Bank 2,800.00
    Rental Revenue 2,800.00
    #
    26 Gasoline and Oil 1,000.00
    Cash in Bank 1,000.00
    #
    27 Unearned Rental Revenue 15,000.00
    Cash in Bank 15,000.00
    #
    28 Cash in Bank 20,000.00
    Accounts Receivable 7,000.00
    Rental Revenue 27,000.00
    #
    29 Commission Expense 5,600.00
    Cash in Bank 5,600.00
    #
    30 Gasoline and Oil 1,000.00
    Accounts Payable 1,000.00
    #
    31 accounts Payable 1,000.00
    Cash in Bank 1,000.00
    #
    31 Cash in Bank 22,000.00
    Accounts Receivable 22,000.00
    #
    31 Cash in Bank 3,000.00
    Unearned Rental Revenue 3,000.00
    #
    31 Repairs and Maintenance 2,500.00
    Cash in Bank 2,500.00
    #

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