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1(Servicing)
The trial balance of SUNSHINES WET & DRY CLEAN SERVICING on June 30 is shown below
SUNSHINE WET & DRY CLEAN SERVICING
TRIAL BALANCE
`
June 2016
Account
No.
101
Cash
112
Account Receivable
126
Supplies
157
Equipment
201
Account Payable
206
Unearned Revenue
301
Irene Bora Capital
TOTAL
July 5
July 10
July 15
16
20
21
26
29
30
Debit
Credit
18,750.00
12,320.00
11,900.00
19,000.00
15,500.00
10, 800.00
35,670.00
_________
61,970.00
61,970.00
________
ADDITIONAL INFORMATION:
Provision should be made for the following additional accounts: No. 306 Sun Shine Drawing No. 426 Laundry
Revenue,
No. 726 Salaries Expense, and No. 732 Utilities Expense.
INSTRUCTIONS:
DP1.1
DP1.2
DP1.3
DP1.4
DP1.5
DP1.6
DP1.7
DP1.8
DP1.9
DP1.10
1. `Purchased merchandise on account from LANAO CONSTRUCTION Supply, P 14,000. Terms n/30.
2.
Sold merchandise on account P 14, 300, terms n/30.
5.
Received credit from LANAO CONSTRUCTION Supply for merchandise returned P 2,500.
7
Paid 500 freight on April 2 sales.
11
Purchased supplies for cash, P 8,500.00.
12 Purchased merchandise for cash P12,700.00.
16 Received refund for poor quality merchandise from supplies on cash purchase. P 350.00
17 Purchased merchandise from XRG Distributors, P 5,700.00, terms n/30
18 Paid freight on April 17 purchase P 220.00.
24 Sold Merchandise for cash. P16,000,00.
25 Purchased merchandise from GINGs General Merchandise P10,100.00 terms n/30.
26 Received collections in full from customers billed April 2.
29 Made refunds to cash customers for defective merchandise P1,200.00.
30 Paid LANAO CONSTRUCTION Supply in full.
30
Sold Merchandise on account P1,500 FOB QUADRO OCHOs store terms n/30.
QUADRO OCHOS chart of accounts include the following No. 101 Cash , No 112 Accounts Receivable, No 120
Merchandise Inventory, No126 Supplies, No. 201 Account Payable, No. 301 Q. CHOS Capital, No. 401 Sales , No. 412
Sales Returns and Allowances, No. 510 Purchases. No. 512 Purchase Return and Allowances. No.516 Freight in and
No. 644 Freight out.
INSTRUCTIONS: Using the sheets provided
DP 2 April Journal entries