3 John Drew has just retired from his job and decided to put up a grocery store. He named the store JD Grocery Shop The following are his activities for the past three months. REQUIREMENTS 1. Prepare Journal entries-from CS1 7 2.Post transactions to Ledger accounts -Prepare your own ledger account. You can use the example in Ledger-Sheet. Modify the account title if needed 3. Prepare the trial balance as at 31 October 2019- You can use the example in the Trial Balance Sheet 9 JOURNAL ENTRY DATE BUSINESS ACTIVITY ACCOUNT TITLE DEBIT CREDIT .2 3 Withdrew 1,000,000 from his retirement pay and opened 4 01-Jul-19 a separate checking account under the name of the 15 business Acquired a rented space for the grocery shop for 10,000 05-Jul-19 a month. he paid 2 months security deposit and 1 8 month advance upon signing of the contract. The 9 contract will be for 5 years and will start Oct.01, 2019 20 Acquired the services of Prime Carpentry Services for 21 10-Jul-19 painting, electrical and other carpentry works to the space. Contract amount 100,000; paid 50%% downpayment. Balance upon completion Purchase the following for the business: 01-Aug-19 cash registers 3 units - 73,000 Swivel chairs, cabinets, drawers, - 27,000 27 freezer 1 unit - 25,000 ; Chiller 2 units - 30,00015-Aug-19 Purchase a pre-owned 2016 Toyota Fortuner for 750,000 and paid cash from his personal checking account 20-Aug-19 Prime Carpentry Services finihed the works and collected the other 50% Secured permits and registrations paid from his personal account 2-Sep-19 Business permit - 8,500 BIR Registration - 500 Printing of Official Receipts/ Sales Invoice - 2,000 Purchase Books of Accounts and other supplies - 1,000 15-Sep-19 Purchased goods for sale - 300,000 paid cash Hired the following personnel to start October 1, 2019: Anton Garcia - Delivery boy - 6,000 per month 20-Sep-19 Bea Salvador - store supervisor - 10,000 per month Emilio Cruz - merchandiser - 5,000 per month Dina Mellanes - cashier - 6,000 per month Jayvee Sta. Ana - cashier - 6,000 per month Grand opening of the grocery shop. Total sales - 125,000 1-Oct-19 Cash sales - 100,000 Credit Calar 10 060Cash sales - 73,000 2-Oct-19 Credit Sales - 2,000 Cost of Goods Sold - 45,000 03-Oct-19 to Cash sales - 53,000 14-Oct-19 Credit Sales - 20,000 Cost of Goods Sold - 65,000 Cash Sale - 26,460 Credit Sale - 50,000 Cost of goods sold - 35,000 John Drew shops for some grocery items from the 15-Oct-19 business for the house and issued a check dated Nov. 3, 2019 Amount - 7,000 Cost of goods sold - 4,200 Paid the salaries of personnel: Anton Garcia - Delivery boy - 3,000 15-Oct-19 Bea Salvador - store supervisor - 5,000 Emilio Cruz - merchandiser - 2,500 Dina Mellanes - cashier - 3,000 Jayvee Sta. Ana - cashier - 3,000 20-Oct-19 Collected the sales on account of Oct. 1, 2019, 25,000Paid the following bills : 27-Oct-19 Electricity -1,937.98 Telephone bill - 1,489.99 John Drew reimbursed his expenses in securing permits 30-Oct-19 on Sept. 2, 2019 - 12,000E F G H K M N O P Q R S A B C D G UA W N P General Ledger (EXAMPLE ONLY) Cash JD, Capital Date Amount Date Amount Date Amount Date Amount Office Supplies Date Amount Date Amount LD CO Balance 10 11 Balance Balance 12 13 Office Equipment Accounts Payable 14 Date Amount Date Amount Date Amount Date Amount 15 16 17 18 19 Balance 20 Balance 21 22JD GROCERY SHOP Trial Balance October 31, 2019 Debits Credits Cash Office Equipment Accounts Payable JD Capital Office Supplies Total