OUTPUT NO. 1 - DURHAM RESTAURANT - FOR MIDTERM FOR MIDTERM: COMPUTE FOR THE GENERAL JOURNAL AND GENERAL LEDGER PROBLEM SOLVE Using the above accounting forms. Transactions were all recorded in JUNE 1 Mr. Durham, invested the following to his Durham Restaurant Building, P1,500,000, cash, P2,500,000; kitchen utensils and tools, P1,500,000; equipment, P2,000,000, assorted ingredients, P250,000, bank deposit to PNB, P1,500,000, furnitures, P550,000 & land, P2,000,000 2 Paid to different government agencies/entities for licenses & permits, P15,000; registration fees P20,000 4 certificates, P18,000 & advertisement for March, P3,500 taken from the PNB account 8 Opened the business and received a P135,000 opening sales recorded as income in its books. 9 Bought different restaurant merchandise worth P200,000 for the business' operation from CDO. Paid 50% from the PNB account and balance payable in 1 month 15 Paid the salary or workers, P18,500 from the PNB account 17 Deposited P1,500,000 to PNB from the initial investment 20 Received an accumulated sales of P125.000 The business was used as a reception area for the Martinez-Pasion wedding for P90,000. P50,000 was paid in cash. The balance payable in 10 days and balance payable in 20 days. 22 Paid the following using his bank account telephone P2,000: water P3,000; electricity P5,500 for May 23 Paid 1/2 of the balance to CDO from the PNB account 26 Received an accumulated sales of P180.000 GJ - GRAND TOTAL 28 Deposited cash received on June 20 & June 26 GL-GRAND TOTAL 14,479,000.00 30 Paid the salary or workers, P18.500 from the PNB account TB - GRAND TOTAL Paid the balance to CDO from the PNB account TB - BALANCES 12,330,000.00 Received complete payment from Mr. Martinez Accounts Payable - CDO Acct. Receivables - CDO Acct Receivables - Martinez Acct Receivables - PNB Building Cash in Bank - PNB Cash on Hand Equipment Furnitures & Fixtures Land Merchandise Inventory Mr. Durham, capital Prepaid Expenses (advertisement) Prepaid Expenses (certificates) Prepaid Expenses (licenses & permits) Prepaid Expenses (registration fees) Raw Materials Salary Expenses Salary Payable Sales Service Income Utensils & Tools Utility Expenses (communication) Utility Expenses (electricity) Utility Expenses (water) Debit Credit Debit Credit No. of Entries 1 2 8 9 15 17 8 1 1 1 1 1 1 1 2 1 1 No. of Entries 20 22 23 26 28 30 2 2 1 1 1 1 1 1 1 1 3 2 TIVATE TW