ACTIVITY SHEET - WEEK 5 Learning Task 1 -General and Subsidiary Ledger Entries Directions: Using the journal entries in L Company's June 2018 transaction, prepare necessary general and subsidiary ledger. Write your answer in your personal general ledger. Use a separate sheet of paper in answering. Date Transaction 2018 June 1 L, the owner, invested P300.000 cash and P50,000 worth of merchandise into the business. The merchandise has an unpaid P10,000 account from N to be assumed by the business (OR#001). 2 Purchased from G store supplies worth P3000 on cash basis (CV#CO]] 3 Returned P3,000 worth of store supplies purchased from G (OR#002) 4 Purchased from H store supplies worth P4 000 on account Returned P400 worth of store supplies purchased from H Purchased from J store equipment worth P30.000 on cash basis (CV#: 002) Was granted a P2 500 oflowance on store equipment purchased from J (OR#003] 8 |Purchased from K store equipment worth P40.000 on terms P10.000 down, balance on account (CV#003) Was granted a P3.500 allowance on store equipment purchased from K 10 |Received from Meralco the electricity bil for the month of May amounting to P11,000 11 Paid rent of P20.000 (CV #004) for the month 12 Paid the utility bil received last June 10 [CV/007) 13 The owner invested additional merchandise worth P12,000 into the business NAME: ACTIVITY SHEET - WEEK 6 Learning Task 1 - Analysis of Adjustments Directions: Make an analysis of the remaining adjustments for L Company for June 2018. Write your answer in your accounting journal. Required Adjustment 3. Store supplies used for the month of June totaled P4,900. Original Transaction Initial Entry Made Analysts Adjusting Entry Date Particulars Re!. Dr Cr Required Adjustment |4. Store equipment is estimated to have a salvage value of P10.000 and useful life of six years. Original Transaction Initial Entry Made Analyst Particulars Ret. Dr Cr Adjusting Entry Date