On April 1, 2016, Nels Ferrer organized a business called Friendly Trucking.

During April, the company entered in

Apr-01 Nels Ferrer deposited Php 500,000 cash in a bank account in the name of the business.
Apr-01 Purchased for Php 250,000 a transportation equipment to be used in the business. Nels paid 50% as do
Apr-01 Paid rental for the month of April, Php 5,000
Apr-05 Earned and collected trucking income from Ryan, Php 8,000
Apr-08 Earned trucking income from Jesper, Php 30,000 on account. Jesper will pay on May 8, 2016
Apr-10 Paid salaries of drivers, Php 10,000
Apr-15 Rented the vehicle to Joshua for Php 35,000, Joshua paid Php 20,000 on that date and the balance on A
Apr-18 Paid electric bills for the month, Php 2,000
Apr-20 Collected from Josua the balance of his April 15 account.
Apr-25 Purchased office supplies, Php 2,300
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
C. Prepare the unadjusted trial balance, as April 30, 2016
the company entered into the following transactions:

ness. Nels paid 50% as down payment while the balance will be paid on May 15, 2016

n May 8, 2016

ate and the balance on April 20.

 General Journal
Date Account title and Explanation R Debit
1/4/2016 Cash 5 0 0 0 0 0
Ferrer, Capital
To record the deposited cash in a bank

Transportation Equipment 2 5 0 0 0 0
Cash
Accounts Payable
To record the equipment used in the business

Rent Expense 5 0 0 0
Cash
To record the rental payment for the month of april

5/4/2016 Cash 8 0 0 0
Service Revenue
To record the revenue from Ryan

8/4/2016 Accounts Receivable 3 0 0 0 0

Service Revenue
To record the income from Jesper on account

10/4/2016 Salaries Expense 1 0 0 0 0

Cash
To record the salaries of drivers

04/15/16 Cash 2 0 0 0 0
Accounts Receivable 1 5 0 0 0
Service Revenue
To record the rent vehicle from Jesper

04/18/16 Utilities Expense 2 0 0 0

Cash
To record the electric bills for the month

04/20/16 Cash 1 5 0 0 0
Accounts Receivable
To record the balance from Joshua

04/25/16 Office Supplies Expense 2 3 0 0

Cash
To record the purchased supplies
04/29/16 Cash 1 8 0 0 0
Service Revenue
To record the revenue from Jay
 Credit

5 0 0 0 0 0

1 2 5 0 0 0
1 2 5 0 0 0

5 0 0 0

8 0 0 0

3 0 0 0 0

1 0 0 0 0

3 5 0 0 0

2 0 0 0

1 5 0 0 0

2 3 0 0
1 8 0 0 0
 General Ledger Accounts

Cash Service Revenue

1/4/2016 500,000 1/4/2016 125,000
5/4/2016 8,000 1/4/2016 5,000
04/15/2016 20,000 10/4/2016 10,000
04/20/2016 15,000 04/18/2016 2,000
04/29/2016 18,000 04/25/2016 2,300
Total 561,000 Total 144,300
Ending 416,700 Rent Expense
1/4/2016 5,000
Accounts Receivable Ending 5,000
8/4/2016 30,000 04/20/2016 15,000
04/15/2016 15,000 Salaries Expense
Total 45,000 Total 15,000 10/4/2016 10,000
Ending 30,000 Ending 10,000

Transportation Equipment Utilities Expense

1/4/2016 250,000 8/4/2016 2,000
Ending 250,000 Ending 2,000

Accounts Payable Office Supplies Expense

1/4/2016 125,000 04/25/2016 2,300
Ending 125,000 Ending 2,300

Ferrel, Capital
1/4/2016 500,000
Ending 500,000
Service Revenue
5/4/2016 8,000
8/4/2016 30,000
04/15/2016 35,000
04/29/2016 18,000
Ending 91,000

Rent Expense

Salaries Expense

Utilities Expense

Office Supplies Expense

 FRIENDLY TRUCKING
Unadjusted Trial Balance
April 1, 2016

Account Titles Debit Credit

Balance Sheet Accounts
Cash 416,700
Accounts Receivable 30,000
Transportation Equipment 250,000
Accounts Payable 125,000
Ferrer, Capital 500,000
Income Statement Accounts
Service Revenue 91,000
Rent Expense 5,000
Salaries Expense 10,000
Utilities Expense 2,000
Office Supplies Expense 23,000
Total 716,000 716,000