BASIC-ACCOUNTING-MIDTERM-EXAM-2nd-SEM-A.Y.-2016-17-SAM (1)

6 received p 4700 in cash for rentals during the

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6 Received P 4,700 in cash for rentals during the first week of operation. 8 Paid P 4, 000 in cash for shipping and installation costs (considered an addition to the cost of the container) to place the container at the park entrance. 9 Hired a part- time assistant to help on weekends. 10 Paid a maintenance person P 750 to clean the grounds. 13 Received P 5, 000 in cash for rentals during the second week of operation. 16 Paid the assistant P 480 for a weekend’s work. 17 Paid for the supplies purchased on april 3. 18 Paid a P 550 repair bill on bicycles. 20 Received P 5, 500 in cash for rentals during the third week of operation. 22 Paid the assistant P 480 for a weekend’s work. 23 Billed a company P 1,100 for bicycle rentals for employees’ outing. 25 Paid the P 3, 000 fees for April to the Park Administration for the right to the bicycle concession. 27 Received P 4, 100 in cash for rentals during the week. 29 Paid the assistant P 480 for a weekend’s work. 30 Transferred P 5, 000 to personal checking account. Required. Journalize the above transactions.
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Prepared by Acct. SAMUEL UY ITCHON, Jr. Mark Anthony B. Buquel, MBA I nstructor I nstructor Approved by: Acct. JONATHAN B. DE VEYRA, MBA Dean – CBA
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