The July transactions were as follows: July 8 Collected P49,360 in cash on June 30 accounts...

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The July transactions were as follows: July 8 Collected P49,360 in cash on June 30 accounts receivable. Paid employee salaries P21,000. 9 11 Received P43,250 in cash for services rendered. 14 Paid June 30 creditors P107,500 on account. 17 Purchased supplies on account P5,540. 22 Billed customers for services rendered, P47,000. 30 Paid employee salaries P31,140, utilities P13,840 and repairs P6,920 31 Withdrew P7,000 cash for personal use of owner. Instructions: (a) Journalize the accounts using additional account titles: Mukislap, Drawing: Dry Cleaning Revenue; Repair Expense; Salaries Expense; Utilities Expense. (b) Post to the ledger accounts. (c) Prepare a trial balance on July 31, 2008. (d) prepare statement, Duners Equity & Balance Sheet (e) Prepare post-cloring trial palance & claring entries Income 1. Journalizing 2. General Ledger 3. Trial balance dated July 31, 2008 4. Income statement, Owners Equity, Balance sheet 5. Closing entries 6. Post-closing Trial balance Account No. 101 112 126 157 201 206 301 MUKISLAP DRY CLEANERS Trial Balance June 30, 2008 Account Titles Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Revenue Mukislap, Capital Balance P Debit 125.320 105.360 48,440 259,500 P 538,620 Credit P 158,780 17,300 362,540 P 538,620 The July transactions were as follows: July 8 Collected P49,360 in cash on June 30 accounts receivable. Paid employee salaries P21,000. 9 11 Received P43,250 in cash for services rendered. 14 Paid June 30 creditors P107,500 on account. 17 Purchased supplies on account P5,540. 22 Billed customers for services rendered, P47,000. 30 Paid employee salaries P31,140, utilities P13,840 and repairs P6,920 31 Withdrew P7,000 cash for personal use of owner. Instructions: (a) Journalize the accounts using additional account titles: Mukislap, Drawing: Dry Cleaning Revenue; Repair Expense; Salaries Expense; Utilities Expense. (b) Post to the ledger accounts. (c) Prepare a trial balance on July 31, 2008. (d) prepare statement, Duners Equity & Balance Sheet (e) Prepare post-cloring trial palance & claring entries Income 1. Journalizing 2. General Ledger 3. Trial balance dated July 31, 2008 4. Income statement, Owners Equity, Balance sheet 5. Closing entries 6. Post-closing Trial balance Account No. 101 112 126 157 201 206 301 MUKISLAP DRY CLEANERS Trial Balance June 30, 2008 Account Titles Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Revenue Mukislap, Capital Balance P Debit 125.320 105.360 48,440 259,500 P 538,620 Credit P 158,780 17,300 362,540 P 538,620