August 1, 2020 - Opened an account with PNB amounting to P400,000. August 2, 2020 – Bought Laundry Equipment costing P200,000, paying cash of P120,000 and issued a note for the balance. August 3, 2020 – Paid the business permits and business registration paying a total of P5,300. August 4, 2020- Paid the following: Rental for 6 months at P2,000 per month Cost of renovation of the rented office (Leasehold Improvements) P20,000, August 5, 2020 - Acquired a second-hand delivery van on credit P120,000. August 8, 2020- Bought various laundry supplies on account amounting to P15,000 August 10, 2020- Rendered services to various customers for cash P7,500 August 11, 2020- Billed Medical Hospital for the services rendered from Aug. 4-10, amounting to P40,000 August 14, 2020- Paid PLDT for the telephone subscription for the month of August P990. August 15, 2020- Paid the 1st half salary of the staff P5,000, August 16, 2020- Paid the personal loan of Giles amounting to P10,000, August 20, 2020- Paid the month rental amounting to P6,650 net of 5% withholding tax. August 25, 2020-Collected cash from Medical Hospital amounting to P40,000, August 26, 2020- Deposited to bank cash received from customers for services rendered P16,200, August 28, 2020- Paid in full the account on Aug. 8. August 29, 2020 – Paid partial for the delivery van bought on Aug. 5 amounting to P60,000. August 31, 2020- Paid the 2nd half salary of staff P4,500, net of SSS premium w/holding of P300 and Philhealth premium withholding of P200
August 1, 2020 - Opened an account with PNB amounting to P400,000. August 2, 2020 – Bought Laundry Equipment costing P200,000, paying cash of P120,000 and issued a note for the balance. August 3, 2020 – Paid the business permits and business registration paying a total of P5,300. August 4, 2020- Paid the following: Rental for 6 months at P2,000 per month Cost of renovation of the rented office (Leasehold Improvements) P20,000, August 5, 2020 - Acquired a second-hand delivery van on credit P120,000. August 8, 2020- Bought various laundry supplies on account amounting to P15,000 August 10, 2020- Rendered services to various customers for cash P7,500 August 11, 2020- Billed Medical Hospital for the services rendered from Aug. 4-10, amounting to P40,000 August 14, 2020- Paid PLDT for the telephone subscription for the month of August P990. August 15, 2020- Paid the 1st half salary of the staff P5,000, August 16, 2020- Paid the personal loan of Giles amounting to P10,000, August 20, 2020- Paid the month rental amounting to P6,650 net of 5% withholding tax. August 25, 2020-Collected cash from Medical Hospital amounting to P40,000, August 26, 2020- Deposited to bank cash received from customers for services rendered P16,200, August 28, 2020- Paid in full the account on Aug. 8. August 29, 2020 – Paid partial for the delivery van bought on Aug. 5 amounting to P60,000. August 31, 2020- Paid the 2nd half salary of staff P4,500, net of SSS premium w/holding of P300 and Philhealth premium withholding of P200
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 11EB: Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from...
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Help me journalize this thank you
Transcribed Image Text:August 1, 2020 - Opened an account with PNB amounting to P400,000.
August 2, 2020 - Bought Laundry Equipment costing P200,000, paying cash of P120,000 and issued a
note for the balance.
August 3, 2020 – Paid the business permits and business registration paying a total of P5,300.
August 4, 2020- Paid the following: Rental for 6 months at P2,000 per month
Cost of renovation of the rented office (Leasehold Improvements) P20,000
August 5, 2020 - Acquired a second-hand delivery van on credit P120,000.
August 8, 2020- Bought various laundry supplies on account amounting to P15,000
August 10, 2020- Rendered services to various customers for cash P7,500
August 11, 2020- Billed Medical Hospital for the services rendered from Aug. 4-10, amounting to
P40,000.
August 14, 2020- Paid PLDT for the telephone subscription for the month of August P990.
August 15, 2020- Paid the 1st half salary of the staff P5,000.
August 16, 2020- Paid the personal loan of Giles amounting to P10,000.
August 20, 2020- Paid the month rental amounting to P6,650 net of 5% withholding tax.
August 25, 2020-Collected cash from Medical Hospital amounting to P40,000.
August 26, 2020- Deposited to bank cash received from customers for services rendered P16,200.
August 28, 2020- Paid in full the account on Aug. 8.
August 29, 2020 – Paid partial for the delivery van bought on Aug. 5 amounting to P60,000.
August 31, 2020- Paid the 2nd half salary of staff P4,500, net of SSS premium w/holding of P300
and Philhealth premium withholding of P200
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