Exercise 8-10: Journalizing, Posting, and Preparing Trial Balance - 11. On September 2, 2015, Jordan River Laundry owned by Mr. Jordan) invested the following to start a laundry business Cost Fair Market Values Ravenue Cash - 120,000 -120,000 Loundry equipment 45,000 35.000 Furniture and cures 25,000 22.500 Office supplies 4,200 4.200 Loundry supplies 6,000 5.000 Sept. 8. Bought dryers and spinners from Mitzi Outlet for 240,000. Jordan paid 30% down payment and the balance on account Sapl 10. laundry services rendered totaled 195,000, of which 40% on account Sept. 12 Received proceeds of 220,000 from a bank foun for business use. Jordan would use this to purchase o von for pickup and delivery of laundry from clients, Sept. 14: Purchased a delivery van from Ronzo Motors for 5250.000. Jordon used the entire proceeds from the bank loan to pay for the delivery van and the balance on account Sept. 15. Paid various operating expenses during the month Water and electricity, P28,000. Telephone expense. 6.000 ond Repaits expense, P3,500. t Sool 18. laundry services rendered totaled P180,000, which 30% was setled with a note and the balonce on account Sept. 10. Laundry services rendered totaled 195.000, of which 40% on account Sepi, 12 Received proceeds of 220.000 from a bank icon for business use, Jordan would use this to purchase o von for pick up and delivery of loundry from clients, Sept 14 Purchased a delivery von from Renzo Motors for 5250,000. Jordon used the entire proceeds from the bank Joan to pay for the delivery van and the balance on account. Seaf. 15. Paid various operating expenses during the month Water and electricity. P28,000; Telephone expense 6.000; and Repairs expense, P3,500. Seor. 18. Laundry services rendered totaled P180.000, of which 30% was settled with a note and the balance on account Seot 20. Received laundry advances from Nadeleine Hotel for services to be rendered next month, 290.000 s Sept. 22. Collected 90% of the Outstanding receivable from September 10 transaction Sept 26. Purchased detergents and fabric conditiers from Ivana Cledning Scents, 12,000. Poid P8,000 cash and this balance on account Sept. 28 Returned P2,000 worth of damaged detergents and fabric conditioners bought last September 20 Seot 30. Paid wages of two staff, P10,000 each