Part-2
Date Accounts Tittle Debit
01-Nov 1,250,000
Cash in bank
Chrimon B., Capital
(to record the initial deposit)
02-Nov 290,000
Laundry Equipment
Notes Payable
(to record the purchase laundry equip. on account w/ note)
03-Nov 7,060
Professional Development Expense
Cash in bank
(to record the payment for convention fee)
05-Nov 25,000
Unused Laundry Supplies
Accounts Payable
(to record the purchase of laundry supplies on account.)
07-Nov Cash in bank 13,400
Accounts Receivable 15,350
Laundry Income
(to record laundry income for the week)
09-Nov 7,600
Prepaid Insurance
Cash in bank
(to record the payment for vehicle insurance)
11-Nov 10,000
Taxes&Licenses
Cash in bank
(to record the payment for taxes&licenses)
12-Nov 10,500
Cash in bank
Accounts Receivable
(to record the partial collection from customer's acc on Nov 7)
14-Nov 9,030
Gasoline&Oil
Accounts Payable
(to record the bill from Caltex Gasoline Station)
15-Nov Cash in bank 20,030
Accounts Receivable 30,400
Laundry Income
(to record the laundry income for the week)
16-Nov Chrimon B., Drawing 10,900
Cash
(to record the withdrawal)
18-Nov Cash in bank 4,850
Accounts Receivable
(to record the full collection from customer's acc on nov7)
20-Nov 2,090
Gasoline&Oil
Cash in bank
(to record the partial payment from bill of nov 14)
21-Nov Cash in bank 13,100
Accounts Receivable 12,225
Laundry Income
(to record the laundry income for the week)
22-Nov 64,300
Furnitures&Fixtures
Accounts Payable
(to record the purchase for Furnitures&Fixtures on Account)
23-Nov 35,800
Cash in bank
Unearned Laundry Income
(to record Income but not yet rendered)
24-Nov 4,700
Gasoline&Oil
Accounts Payable
(to record the bill from Caltex Gasoline Station)
25-Nov 6,940
Accounts Payable
Cash in bank
(to record the full payment of the bill on nov 14)
26-Nov 11,500
Accounts Payable
Cash in bank
(to record the partial payment of Account from Nov22)
26-Nov 699,996
Delivery Equipment
Cash in bank
(to record the purchase of Delivery Car)
27-Nov 2,320
Travelling Expense
Cash in bank
(to record the Transportation Expense on visiting a client)
28-Nov Cash in bank 25,999
Accounts Receivable 15,859
Laundry Income
(to record the laundry income for the week)
29-Nov Notes Payable 290,000
Cash in bank
(to record the full payment of Acc on Nov 2)
30-Nov 15,980
Salaries Expense
Cash in bank
(to record the payment for Employees Salaries)
30-Nov 25,000
Accounts Payable
Cash in bank
(to record the full payment of acc on Nov 5)
30-Nov 7,500
Gasoline&Oil
Accounts Payable
(to record the bill from Caltex Gasoline Station)
30-Nov 8,900
Rent Expense
Cash in bank
(to record rent expense)
30-Nov 3,250
Repairs&Maintenance
Cash in bank
(to record the payment for minor repairs)
1,055,44
30-Nov Cash 4
Chrimon B.,
Capital (to
record the Additional
Investment)
Credit
1,250,000
290,000
7,060
25,000
28,750
7,600
10,000
10,500
9,030
50,430
10,900
4,850
2,090
25,325
64,300
35,800
4,700
6,940
11,500
699,996
2,320
41,858
290,000
15,980
25,000
7,500
8,900
3,250
1,055,444