October 1 - Invested P250,000 to start the business October 2 - Paid P30,000 cash for various service equipment October 5 - Paid P7,500 for the monthly rental of the shop. October 6 - Purchased various supplies from Lean Merchandising on credit for P18,500 October 7 - Bought additional service equipment for P65,000, with cash downpayment of P30,000 and balance on credit. October 8 - Completed repair works and collected P45,000 cash. October 10 - Purchased additional supplies for cash amounting to P9,200. October 13 - Billed J. Lumaban for the repair of the car amounting to P15,000 on credit. October 15 - Paid the helper salaries for P12,000. October 18 - Paid the amount due to Lean Merchandising. October 23 - Collected from J. Lumaban. October 25 - Collected cash from a customer for the repair of car amounting to P32,000. October 28 - The owner withdraws cash for P16,000. October 30 - Paid light and water for P7,500 Paid telephone bill for 13,200. October 31 - Paid salaries to shop helper for P12,000. October 31 - Used supplies for the month is P5,100. Requirement: Prepare the trial balance.
October 1 - Invested P250,000 to start the business
October 2 - Paid P30,000 cash for various service equipment
October 5 - Paid P7,500 for the monthly rental of the shop.
October 6 - Purchased various supplies from Lean Merchandising on credit for P18,500
October 7 - Bought additional service equipment for P65,000, with cash downpayment of
P30,000 and balance on credit.
October 8 - Completed repair works and collected P45,000 cash.
October 10 - Purchased additional supplies for cash amounting to P9,200.
October 13 - Billed J. Lumaban for the repair of the car amounting to P15,000 on credit.
October 15 - Paid the helper salaries for P12,000.
October 18 - Paid the amount due to Lean Merchandising.
October 23 - Collected from J. Lumaban.
October 25 - Collected cash from a customer for the repair of car amounting to P32,000.
October 28 - The owner withdraws cash for P16,000.
October 30 - Paid light and water for P7,500 Paid telephone bill for 13,200.
October 31 - Paid salaries to shop helper for P12,000.
October 31 - Used supplies for the month is P5,100.
Requirement:
Prepare the
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