Journal Entries and Trial Balance

On April 1, 2012, Kathleen Alvarez established an interior decorating business, Intrex Designs. During the month,
Kathleen completed the following transactions related to the business:

April 1 Kathleen transferred cash from a personal bank account to an account to be used for the business, P17,000
2 Paid rent for period of April 2 to end of month, P10,000
6 Purchased office equipment on account, P10,000
8 Purchased a used truck for P21,000, paying P2,000 cash and giving a note payable for the remainder.
10 Purchases supplies for cash, P1,800
12 Received cash for jobs completed, P13,000
15 Paid annual premiums on property and casualty insurance, P1,800
23 Recorded jobs completed on account and sent invoices to customers, P9,000
24 Received an invoice for truck expenses, to be paid in April, P1,000
29 Paid utilities expenses, P1500
29 Paid miscellaneous expenses, P750
30 Received cash from customers on account, P7,800
30 Paid wages of employees, P4,000
30 Paid creditor a portion of the amount owed for equipment purchases on April 6, P2,500
30 Withdrew cash for personal use.

Chart of Accounts

11 Cash
12 Accounts Recevable
13 Supplies
14 Prepaid Insurance
16 Equipment
18 Truck
21 Notes Payable
22 Accounts Payable
31 Kathleen Alvarez, Capital
32 Kathleen Alvarez, Drawing
41 Service Revenue
51 Wages Expense
53 Rent Expense
54 Utilities Expense
55 Truck Expense
59 Miscellaneous Expense
Entries into T accounts and trial balance

April Layton, an architect, opened an office on June 1, 2012. During the month, she completed the
following transactions connected with her professional practice:

1 Transferred cash from personal bank account to an account to be used for the business P250,000
2 Purchase used automobile for P240,000, paying P50,000 cash and giving a note payable for the remainder
3 Paid June rent for office and workroom, P20,000
4 Paid cash for supplies, P1,450
5 Purchased office and computer equipment on account P18,000
6 Paid cash for annual insurance policies on automobile and equipment, P36,000
7 Received cash from a client for plans delivered, P50,000
8 Paid cash to creditors on account, P10,000
9 Paid cash for miscellaneous expenses, P6,000
10 Received invoice for blueprint service, due in July, P15,000
11 Recorded fees earned on plans delivered, payment to be received in July, P12,800
12 Paid salary of assistant, P16,000
13 Paid cash for miscellaneous expenses, P2,000
14 Paid installment due on note payable, P150,000
15 Paid gas, oil, and repairs on automobile for June, P5,500

Accounts to be used:

Cash
Accounts Receivable
Supplies
Prepaid Insurance
Automobiles
Equipment
Notes Payable
Accounts Payable
April Layton, Capital
Service Revenue
Rent Expense
Salary Expense
Blueprint Expense
Automobile Expense
Miscellaneous Expense