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BusAna - Journal

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12 views

BusAna - Journal

Uploaded by

princesstual10
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Henry Labasan Rent-A-Car

General Journal

Date Particulars P.R Debit Credit


May 1 Transporation Equipment 210 ₱ 2,000,000.00
Cash in Bank 110 50,000.00
H.Labasan, Capital 410 2,050,000.00
Initial Investment.

Gasoline and Oil 610 3,500.00


Cash in Bank 110 3,500.00
Bought gasoline and oil.

2 Cash in Bank 110 20,000.00


Rental Revenue 510 20,000.00
Transportation service to tourists.

3 Taxes and Licenses 620 15,000.00


Cash in Bank 110 15,000.00
Paid business permits and licenses.

7 Cash in Bank 110 12,000.00


Rental Revenue 510 12,000.00
Rental revenue for the week.

8 Gasoline and Oil 610 15,000.00


Accounts Payable 310 15,000.00
Bill from Petron Service Center.

9 Prepaid Insurance 140 7,300.00


Cash in Bank 110 7,300.00
Paid car insurance.

10 Tires and Tubes Inventory 130 8,500.00


Accounts Payable 310 8,500.00
Bought spare tire.

14 Cash in Bank 110 25,000.00


Accounts Receivable 120 10,000.00
Rental Revenue 510 35,000.00
Rental revenue for the week.

Accounts Payable 310 15,000.00


Cash in Bank 110 15,000.00
Payment to Petron Service Center.

15 Comission Expense 630 7,000.00


Cash in Bank 110 7,000.00
Paid driver's comission.

16 Repairs and Maintenance 640 3,500.00


Cash in Bank 110 3,500.00
Check up, replacement of tire, and repair of side mirror.
17 Gasoline and Oil 610 17,500.00
Accounts Payable 310 17,500.00
Bill from Petron Service Center.

22 Cash in Bank 110 15,000.00


Unearned Rental Revenue 320 15,000.00
Received advance payment from Cebu Lions Club.

Cash in Bank 110 12,000.00


Accounts Receivable 120 15,000.00
Rental Revenue 510 27,000.00
Rental revenue for the week.

Comission Expense 630 7,000.00


Cash in Bank 110 7,000.00
Paid driver's comission.

23 Cash in Bank 110 10,000.00


Accounts Receivable 120 10,000.00
Collected customer's account on May 14.

24 Accounts Payable 310 12,000.00


Cash in Bank 110 12,000.00
Partial payment of account with Petron Service Center.

25 Accounts Payable 310 8,500.00


Cash in Bank 110 8,500.00
Paid account of May 10 with Tagbilaran Dura-Trac.

26 Cash in Bank 110 2,800.00


Rental Revenue 510 2,800.00
Payment for special trip.

Gasoline and Oil 610 1,000.00


Cash in Bank 110 1,000.00
Paid for gasoline and oil.

27 Unearned Rental Revenue 320 15,000.00


Cash in Bank 110 15,000.00
Refund to Cebu Lions Club.

28 Cash in Bank 110 20,000.00


Accounts Receivable 120 7,000.00
Rental Revenue 510 27,000.00
Rental revenue for the week.

29 Comission Expense 630 5,600.00


Cash in Bank 110 5,600.00
Paid driver's comission.
30 Gasoline and Oil 610 1,000.00
Accounts Payable 310 1,000.00
Bought gasoline on account.

31 Accounts Payable 310 1,000.00


Cash in Bank 110 1,000.00
Paid the account with Caltex Philippines.

Cash in Bank 110 15,000.00


Accounts Receivable 120 15,000.00
Collected customer's account on May 22.

Cash in Bank 110 7,000.00


Accounts Receivable 120 7,000.00
Collected customer's account on May 28.

Cash in Bank 110 3,000.00


Unearned Rental Revenue 320 3,000.00
Received advance payment from Cebu Employees Union.

Repairs and Maintenance 640 2,500.00


Cash in Bank 110 2,500.00
Minor repair of Toyota Van.

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