COMPREHENSIVE PROBLEM

Requirement #1: Establish the following accounts: Cash, Accounts Receivable, Plumbing Supplies, Prepaid Advertising,
Service Vehicle, Notes Payable, Accounts Payable, Lozada, Capital, Lozada, Withdrawals, Plumbing Revenues, Salaries
Expense, Rent Expense, Telephone Expense, and Miscellaneous Expense.
Requirement #2: Journalize the transactions (omit explanation).

DATE ACCOUNT TITLES & EXPLANATION PR

2020
Apr 1 Cash
Lozada, Capital

2 Service Vehicle
Cash
Notes Payable

3 Rent Expense
Cash

6 Plumbing Supplies
Accounts Payable

7 Prepaid Advertising
Cash

8 Cash
Plumbing Revenues

9 Plumbing Supplies
Cash

11 Salaries Expense
Cash

15 Accounts Receivable
Plumbing Revenues

16 Accounts Payable
Cash

19 Miscellaneous Expense
Cash

20 Cash
Accounts Receivable

21 Lozada, Withdrawals
Cash

22 Salaries Expense
 Cash

24 Notes Payable
Cash

25 Telephone Expense
Cash

27 Accounts Receivable
Plumbing Revenues
 Requirement #3: Record the transactions directly into the
transactions to identify each transaction (omit explanation

DEBIT CREDIT CASH

₱ 67,000.00 1-Apr 67,000.00 17,500.00 2-Apr
₱ 67,000.00 8-Apr 18,350.00 7,150.00 3-Apr
20-Apr 21,000.00 6,000.00 7-Apr
8,050.00 9-Apr
81,000.00 11,600.00 11-Apr
17,500.00 5,700.00 16-Apr
63,500.00 4,300.00 19-Apr
14,500.00 21-Apr
7,150.00 14,100.00 22-Apr
7,150.00 3,850.00 24-Apr
1,250.00 25-Apr
15,700.00 106,350.00 94,000.00
15,700.00 ₱ 12,350.00

6,000.00
6,000.00
ACCOUNTS RECEIVABLE
18,350.00 15-Apr 42,200.00 21,000.00 20-Apr
18,350.00 27-Apr 14,150.00
56,350.00 21,000.00
8,050.00 ₱ 35,350.00
8,050.00
PLUMBING SUPPLIES
11,600.00 6-Apr 15,700.00
11,600.00 9-Apr 8,050.00
₱ 23,750.00
42,200.00
42,200.00
PREPAID ADVERTISING
5,700.00 7-Apr ₱ 6,000.00
5,700.00
SERVICE VEHICLE
4,300.00 2-Apr ₱ 81,000.00
4,300.00

21,000.00
21,000.00

14,500.00
14,500.00

14,100.00
 14,100.00

3,850.00
3,850.00

1,250.00
1,250.00

14,150.00
14,150.00
he transactions directly into the T-accounts using the dates of the
Requirement #4: Prepare the trial balance with prope
ch transaction (omit explanation).

NOTES PAYABLE LOZADA PLUMBING

24-Apr 3,850.00 63,500.00 2-Apr TRIAL BALANCE
₱ 59,650.00 APRIL 30, 2020

ACCOUNTS PAYABLE Cash

16-Apr 5,700.00 15,700.00 6-Apr Accounts Receivable
₱ 10,000.00 Plumbing Supplies
Prepaid Advertising
LOZADA, CAPITAL Service Vehicle
₱ 67,000.00 1-Apr Notes Payable
Accounts Payable
LOZADA, WITHDRAWALS Lozada, Capital
20-Apr ₱ 14,500.00 Lozada, Withdrawal
Plumbing Revenues
PLUMBING REVENUES Salaries Expense
18,350.00 4-Apr Rent Expense
42,200.00 15-Apr Telephone Expense
14,150.00 27-Apr Miscellaneous Expense
₱ 74,700.00 TOTALS

SALARIES EXPENSE
11-Apr 11,600.00
22-Apr 14,100.00
₱ 25,700.00

RENT EXPENSE
3-Apr ₱ 7,150.00

TELEPHONE EXPENSE
25-Apr ₱ 1,250.00

MISCELLANEOUS EXPENSE
19-Apr ₱ 4,300.00
are the trial balance with proper heading.

LOZADA PLUMBING
TRIAL BALANCE
APRIL 30, 2020

₱ 12,350.00
35,350.00
23,750.00
6,000.00
81,000.00
₱ 59,650.00
10,000.00
67,000.00
14,500.00
74,700.00
25,700.00
7,150.00
1,250.00
4,300.00
₱ 211,350.00 ₱ 211,350.00