thanks in advance :))))
Practice Set 1 Mr. Laban Deyro opened his laundry business in Iloilo City on January 2, 2016. The following transactions Required Tasks occurred during the month of January 2016: 1. Prepare the general journal entries for the DATE TRANSACTIONS above transactions (ignore 1/2/16 Invested PHP500,000 to his business. The trade name of the business was "MR. LABANDERO" giving explanations after 1/3/16 Hired Allan and Allie who will manage his business every entry) 2. Post the following 1/4/16 Collections from various customers for the day - PHP3,000 transactions to the general 1/5/16 Purchase store supplies from Labada Store - PHP10,000 ledger. 1/7/16 Collections from various customers for the day - PHP8,000 3. Prepare the unadjusted 1/8/16 MR. LABANDERO entered into an exclusive contract with Sikat Hotel where the business will do all the trial balance as of January laundry of the hotel. 30, 2016 1/9/16 Sikat Hotel availed the services of MR. LABANDERO amounting to PHP15,000. Payment will be made on January 20, 2016. 1/10/16 Collections from various customers for the day - PHP12,000 1/12/16 Purchase a washing machine amounting to PHP50,000 1/15/16 Collections from various customers for the day - PHP20,000 1/19/16 Paid electricity bill for the month amounting to PHP18,000 1/20/16 Received payment from Sikat Hotel amounting to PHP15,000 1/21/16 Paid salaries of Allan and Allie - PHP15,000 1/22/16 Mr. Laban Deyro needed money for the hospitalization of his son. He withdrew PHP18,000 from the business. 1/25/16 Paid airfare ticket of PHP1,500 for the travel of Mr. Deyro to Manila to negotiate a contract with Sosyal Hotel 1/26/16 Paid taxes to the City of Iloilo, PHP4,000 1/27/16 Purchased office supplies amounting to PHP12,500 1/28/16 Collections from various customer for the day - PHP5,000 1/29/16 Sosyal Hotel availed the services of MR. LABANDERO amounting to PHP15,000 payable on Feb 25, 2016