Purchased supplies, P200,000; 20% down payment, balance on account.

Collected the note receivable of P50,000 plus interest of P1,500. Collected P140,000 of accounts receivable. Paid P78,500 of the accounts payable to supplier. Paid P10,000 to the owner for his personal use. Rendered P500,00 service to customers, 30% on cash basis and balance on account. Paid rent of P6,000. Paid electric and water consumption, P4,000. Purchased laundry machine, P20,000, 10% down payment and issued a promissory note for the balance. Deposited to Banco de Oro the amount of P400,000 as initial investment. Purchase supplies on account, P5,000 Acquired a second-hand service vehicle for delivery costing P100,000, paying P25,000 in cash and issued a note for the balance. Paid advance rental for the month P7,000. Received cash from a customer, P18,000 for delivery services. Paid utilities expense, P9,000. Billed a customer for delivery services on account, P20,000 Partially collected P15,000 of December 20 account. Partial payment of August 4 account, P2,000 Withdrew P5,000 cash from his business for his personal use. Paid salaries for the month, P10,000. Opened an account with Union Bank, P150,000. Acquired Laundry Equipment costing P75,000, paying cash of note for the balance.a P25,000 and issued Bought a second-hand delivery van on account, P65,000. Bought Laundry Supplies for cash, P25,000. Rendered laundry services to various hotels in the city and received cash, P30.000 and on account, P15,000. Paid utilities expense, P6,000. Partial payment of laundry equipment, P25,000. Withdraw cash of P5,000 for her personal use. Paid rental for the month, P4.000. Collected P10,000 from customers' account of July 15. Paid salaries for the month, P8,000. Aquino invested cash by making a deposit in a bank account for the business, P150,000. b. Paid rent for the month, P3,000. c. Bought a second-hand service vehicle for cash, P80,000. d. Bought service tools on account, P30,000. e. Paid electricity bill, P500. f. Paid a one-year insurance premium on the service vehicle, P6,000. g. Received cash from clients for service performed, P20,000. h. Paid salaries to assistant for first half of the month, P2,000. i. Performed appraisal services for clients on account, P10,000: j. Paid water bill, P350. k. Bought office supplies for cash, P 1,000. l. Received cash from clients for inspections performed on account in (i), P3,000. m. Paid salaries to assistant for last half of the month, P2,500. n. Made partial payment on service tools bought in (d), P10,000. o. Additional revenues earned amounted to P20,000: P14,000 for cash and P6,000 on account. p. Aquino withdrew cash for personal expenses, P5,000. Invested P100,000 in cash to start her own business. b. Paid P5,000 for one months rent. c. Bought office furniture for P15,000 in cash. d. Received delivery of laptop computer, P54,000. Paid 50% down, balance due in 30 days. e. Performed services for P12,000 in cash. f. Performed services for P10,800 on credit. g. Acquired a fax machine for P7,500; paid P3,000 in cash, balance due in 10 days. h. Received P5,400 from clients on account i. Paid P10,000 for salaries. j. Settled in full the balance for the fax machine.

k. Received P7,000 in cash for services performed. l. Performed services for P12,000 on credit.

m. Paid P1,350 for the monthly telephone bill. a. Paid P2,400 for the electric and water bills. o. Collected P2,000 from clients on account. p. Arroyo withdrew P7,000 in cash for personal expenses

Accounting 2 2nd Semester CY 2012 - 2013

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

Abay-abay Abni Agbon Amado Apas Apor Avila Bacolod Bereno Bilway Cais Candal Chavez Dagohoy Dagohoy Dalde Dalogdog Demecillo Florida Gonzales Guzon Halawig Inesario Inocencio Labiao Layno Lendio Libando Macario Macero Madrazo Mag-usara Marabulas Mendoza Meregildo Ontua Paciente Paquiao Peligro

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John Riel Sheryl Mae Junel Joylyn Hozebel Rodgen Francis Leo Jay Marvin Haidilen Roger Emily Jayson Liezl Sheila May Izyle Mark Anthony Irish Airose Shiela Mae Desirie Regin Ariel Mark Anthony Darlin-Fe Michelle Elegen Glenard Aiza Cherry Florence Joyvie Nelfie Kheen Jun Jennifer Dally Jane Wilma Rose Sharon Pear Lee

Quiz - 2 48 (24) 15 24 9 30 12 26 24 9 9 30 15 42 9 42 12 42 15 20 36 14 39 12 24 15 42 9 39 42 42 39 35 42 21 45 48 42 24 42 42 42 42 30 35 42 30 42 42 42 30

45 48.5 41.5 38 25 32 48.5 47 33 39 29 36.5 44 24.5 31.5 30.5 32 36 35.5 35.5 41.5 34 39 30 35.5 29.5 27 22 48.5 32.5 41.5 29 32.5 32.5 43 27 32 40.5 35.5 36.5 27 23 30 27 21 27 27 24 28 27 27 21 21 21 24 21 30 30 28 30 27 30 24 30 24 30 30 21 27 27

40

12 12 18 9 6 12 9 21 12 12 9 9

15 6 6 12 9 18

27 27 30 27 30

Quiz? 50 50 36 30 30 30 40 31 25 20 25 33 24 30 17 5 23 26 30 17 21 23 20 10 33 19 30 7 21 20 30 5 30 24 30 15 21 31 20 20 25 28 20 10 31 20 5 28 5 16 25 15 31 24 30 15 24 30 29 20 30 26 15 26 24 30 20 30 28 20 20 31 22 40 10 31 25 30 15 21 27 20 31 23 20 30 30 26 20 15 31 27 31 40 30 27 20 22 16 21 15 31 24 10 15 30 20 0 16 24 15 25 20 33 27 50 15 30 24 5 18 15 30 26 20 20 31 24 30 15 33 29 20 5

40 41 42 43 44 45 46 47 48

Perero Pijo Pitao Sanchez Seblero Taladoc Tarife Villanueva Virtudazo

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Roy John Rey Hyde Francis Raymon Gracelyn Jessa Mae Shirley Raymart Mercy Grace

18 18 12 12 9 9

47 29.5 30 45 42 48 24 20 42 39 42 30 30 32 21 29.5 33 22

27 43 27 27 27 27 27 24

40 33 30 31 21 40 30 10

21 30 25 28 22 25 24 27

20 30

30 20

10 33 20 20 15 7 5 15

20