Accounts Prepaid Cleaning

Date Transaction Cash Receivable Insurance Supplies Land

Nov. 30 Beginning Balance 29,470 66,235 1,700 3,110 45,000

Purchase a
Cleaning Supplies
Dec. 1 on Account 5,250
Performed Laundry
Services on
Dec. 2 Account 8,600
Received P6,440
for Dry Cleaning
Dec. 3 Services 6,400
Collected P12,350
from Various
Accounts
Dec. 4 Receivable 12,350 -12,350
Paid Various
Dec. 6 Accounts Payable 11,000
Received P4,360
for Laundry
Dec. 7 Services 4,360
Mr. Delgado
Dec. 9 Withdrew P15,000 -15,000
Payment for
Cleaning
Equipment Rent
Dec. 10 P4,000 -4,000

Mr. Delgado
Invested Additional
Dec. 11 P50,000 50,000
Performed Dry
Cleaning Services
Dec. 12 on Account 6,480

Payment of P6,500
Dec. 14 of Wages Payable -6,500

Paid the Salaries of

Dec. 15 Plant Employees -16,250
Received P14,350
from Laundry
Dec. 17 Services 14,350
Paid for the
Delivery Truck
Dec. 18 Expenses -6,450
Unearneed Dry
Cleaning Revenue
Dec. 19 had been earned -900
 Collected P13,660
from Various
Dec. 20 accounts 13,660 -13,660 -3,780
P900 of Prepaid
Insurance had
Dec. 21 been Expensed
Part of Cleaning
Supplies Already
Dec. 22 used
Additional Interest
Dec. 24 Payable
Depreciation
Expense for
Dec. 27 building
Depreciation
Dec. 28 expense for truck

Wages payable
Dec. 29 computed or sales
Received P18,380
from laundry
Dec. 30 services 18,380
111,770 55,305 800 4,580 45,000
 Delivery Accum. Dep'n- Accounts
Building Accum. Dep'n- Building Truck Delivery Truck Payable Wages Payable

405,000 122,500 57,500 23,500 51,500 7,310

5,250

-11,000

-6,500

-16,250
 10,500

6,500

8,300
405,000 122,500 64,000 34,000 45,750 -7,140
Interest Unearned Dry Mortgage Delgado, Delgado, Dry Cleaning
Payable Cleaning Revenues Payable Capital Withdrawals Revenues

2,500 2,000 300,000 141,400 50,000 302,835

6400

15,000

6,480

50,000

1,200

-1,200
2,000

4,500 800 300,000 191,400 65,000 316,915

 Plant Wages Sales and Delivery Cleaning Equipment Delivery Truck
Laundry Revenues Expenses Wages Expense Rent Expense Expense

93,250 167,710 92,925 15,000 10,935

8,600

4,360

-4,000

14,350
 8,300

120,560 167,710 101,225 11,000 10,935

 Cleaning Supplies Depreciation Expense - Depreciation - Interest
Insuranse Expense Expense Building Delivery Truck Expense

6,800 15,325 21,500 10,500 30,000

-6,480
900

3,780

10,500 2,000

6,500

7,700 19,105 32,000 10,520 32,000

 Other
Expense

17,585
17,585
Income Statement
Laundry Revenue 120,560
Dry Cleaning
Total Revenue
Expenses
Plant Wage Expense
Sales and Delivery Wage Expense
Cleaning Equipment Rent