JR business enterprise entered into the following transactions during th

Apr 1 - Mr. JR started his sole proprietorship business by investing P200

DATE ACCOUNT TITLE DEBIT
Apr-01 Cash 200,000.00
Mr. JR, Capital
#
Apr. 3 - The business acquired a loan payable within 3 months amount
to P100,000 from the bank to augment its working capital requ
DATE ACCOUNT TITLE DEBIT
Apr-03 Cash 100,000.00
Bank Loan Payable
#
Apr. 4 - The business purchased a shop equipment for P80,000 with 50
and the balance is payable within 60 days from invoice date.
DATE ACCOUNT TITLE DEBIT
Apr-04 Shop Equipment 80,000.00
Cash
Accounts Payable
#
Apr. 7 - The business paid P1,000 for water consumption for the period
DATE ACCOUNT TITLE DEBIT
Apr-07 Utilities Expense 1,000.00
Cash
 #
Apr. 10 - The business received and paid its electric bill of P5,000 for the
DATE ACCOUNT TITLE DEBIT
Apr-10 Utilities Expense 5,000.00
Cash
#
Apr. 12 - The business paid the employees’ gross salaries of P50,000.
The net amount of cash paid is P40,000, net of SSS employees
and withholding income tax of P7,000.
DATE ACCOUNT TITLE DEBIT
Apr-12 Salaries Expense 50,000.00
Cash
SSS Premium Payable
Withholding Tax Payable
#
Apr. 17 - The business paid P50,000 for supplies used.
DATE ACCOUNT TITLE DEBIT
Apr-17 Supplies Expense 50,000.00
Cash
#
Apr. 22 - The business billed and collected P60,000 services rendered
DATE ACCOUNT TITLE DEBIT
Apr-22 Cash 60,000.00
Service Income
 #
Apr. 25 - The business billed P90,000 for services rendered to custome
DATE ACCOUNT TITLE DEBIT
Apr-25 Accounts Receivable 90,000.00
Service Income
#

Apr. 26 - The business paid P50,000 of its loan to the bank plus P3,000 in
DATE ACCOUNT TITLE DEBIT

Apr-26 Interest Expense 3,000.00

Bank Loan Payable 47,000.00
Cash

Apr. 30 - Withdrew P2,000 from the business for personal use.

DATE ACCOUNT TITLE DEBIT

Apr-30 Mr. JR, Withdrawal 2,000.00

Cash
#
Apr. 30 - Provided 10% depreciation for all depreciable assets.
DATE ACCOUNT TITLE DEBIT
Apr-30 Depreciation Expense 8,000.00
Accumulated Depr. -
Shop Equipment
Debit CASH Credit
Apr-01 200,000 Apr-04 40,000
Apr-03 100,000 Apr-07 1,000
Apr-22 60,000 Apr-10 5,000
Apr-12 40,000
Apr-17 50,000

Apr-26 50,000
Apr-30 2,000
360,000 188,000
172,000

Account Balance Shop Equipment

Asset April 80,000

Liabilities
Capital
Withdrawal
Revenue
Expense

Bank Loan Payable

Apr-25 47,000 Apr-03 100,000
53,000

Asset Liabilities
Withdraw
al Capital
Expense Revenue
ctions during the month of April 2020:

y investing P200,000 as his initial capital.

CREDIT

200,000.00

months amounting
ing capital requirement.
CREDIT

100,000.00

P80,000 with 50% downpayment

invoice date.
CREDIT

40,000.00
40,000.00

on for the period.

CREDIT

1,000.00
of P5,000 for the period.
CREDIT

5,000.00

ies of P50,000.
SSS employees’ share of P3,000

CREDIT

40,000.00
3,000.00
7,000.00

CREDIT

50,000.00

vices rendered to customers.

CREDIT

60,000.00
ered to customers, collectible next month.
CREDIT

90,000.00

k plus P3,000 interest expense.

CREDIT

50,000.00

CREDIT

2,000.00

ssets.
CREDIT

8,000.00 80000
8000
 Accounts Receivable
Apr-24 90,000

uipment
JR business enterprise entered into the following transactions during the m

Apr 1 - Mr. JR started his sole proprietorship business by investing P200,0

DATE ACCOUNT TITLE DEBIT

Apr. 3 - The business acquired a loan payable within 3 months amountin

to P100,000 from the bank to augment its working capital requirem
DATE ACCOUNT TITLE DEBIT

Apr. 4 - The business purchased a shop equipment for P80,000 with 50%
and the balance is payable within 60 days from invoice date.
DATE ACCOUNT TITLE DEBIT

Apr. 7 - The business paid P1,000 for water consumption for the period.
DATE ACCOUNT TITLE DEBIT
Apr. 10 - The business received and paid its electric bill of P5,000 for the p
DATE ACCOUNT TITLE DEBIT

Apr. 12 - The business paid the employees’ gross salaries of P50,000.

The net amount of cash paid is P40,000, net of SSS employees’ sh
and withholding income tax of P7,000.
DATE ACCOUNT TITLE DEBIT

Apr. 17 - The business paid P50,000 for supplies used.

DATE ACCOUNT TITLE DEBIT

Apr. 22 - The business billed and collected P60,000 services rendered to

DATE ACCOUNT TITLE DEBIT

Apr. 25 - The business billed P90,000 for services rendered to customers

DATE ACCOUNT TITLE DEBIT

Apr. 26 - The business paid P50,000 of its loan to the bank plus P3,000 inte
DATE ACCOUNT TITLE DEBIT

Apr. 30 - Withdrew P2,000 from the business for personal use.

DATE ACCOUNT TITLE DEBIT

Apr. 30 - Provided 10% depreciation for all depreciable assets.

DATE ACCOUNT TITLE DEBIT
 nsactions during the month of April 2020:

ss by investing P200,000 as his initial capital.

CREDIT

n 3 months amounting
orking capital requirement.
CREDIT

for P80,000 with 50% downpayment

om invoice date.
CREDIT

mption for the period.

CREDIT
bill of P5,000 for the period.
CREDIT

salaries of P50,000.
of SSS employees’ share of P3,000

CREDIT

CREDIT

services rendered to customers.

 CREDIT

endered to customers, collectible next month.

CREDIT

bank plus P3,000 interest expense.

CREDIT

onal use.
CREDIT

le assets.
CREDIT