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Journalizing Transactions

Evangeline Jamili Landscaping Service recorded various business transactions throughout March including depositing cash into the business bank account, investing personal equipment into the business, purchasing assets like a trailer and backhoe partially on credit, paying expenses like rent, insurance and supplies, performing landscaping services for various customers sometimes receiving partial payment, paying bills and supplier accounts, collecting on accounts receivable, and paying salaries and distributing cash for personal use.

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Eddie Abing Lumaras Jr.
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844 views1 page

Journalizing Transactions

Evangeline Jamili Landscaping Service recorded various business transactions throughout March including depositing cash into the business bank account, investing personal equipment into the business, purchasing assets like a trailer and backhoe partially on credit, paying expenses like rent, insurance and supplies, performing landscaping services for various customers sometimes receiving partial payment, paying bills and supplier accounts, collecting on accounts receivable, and paying salaries and distributing cash for personal use.

Uploaded by

Eddie Abing Lumaras Jr.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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JOURNALIZING TRANSACTIONS

Evangeline Jamili Landscaping Service has the following completed transactions:

Mar. 1 Jamili deposited P200,000 in a bank account in the name of the company business.

4 Jamili invested personal gardening equipment, with a fair market value of P10,000 in the
business.

6 Bought a used trailer on account from Sala Sales, P8,500.

7 Paid rent for the month, P6,000.

9 Bought a used backhoe from Mobile Equipment, P62,000, paying P30,000 in cash and
the balance on account.

10 Bought liability insurance for one year, P9,000.

13 Performed landscaping services on account for Tindoy Company, P34,200.

14 Bought supplies on account from Office Décor, P2,400.

15 Performed landscaping services on account for Urios University, P25,600.

17 Received and paid the bill from De Leon Services for gas and oil for the equipment,
P1,400.

19 Performed landscaping services for Calimpusan on cash basis, P18,800.

22 Paid accounts to Sala Sales, P4,000.

24 Collected accounts from Tindoy Company, P7,000.

28 Performed landscaping services on account for Gucela Company, P16,250.

29 Received and paid the telephone bill, P1,860.

30 Paid the salaries of the employees, P13,400.

31 Jamili withdrew cash for personal use, P14,000.

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