Question: There are activities designed to develop critical thinking and other competencies. This can be done with of without a partner depending on the nature of

There are activities designed to develop critical thinking and other competencies. This can be done with of without a partner depending on the nature of the activity ctivity 1 - Prepare Journal entries for the following transactions. Follow the proper way of journalzing business transactions Chart of Account Assets Cash Accounts Payable Accounts Receivable Unearned Revenue Tires and Tubes Supplies Prepaid Insurance Owner's Equity Transportation Equipment H. Pistahan, Capital H. Pistahan, Drawing Expenses Of and Gasoline Expense Revenue Taxes and Licenses Transportation and Rental Revenue Commission Experico Year 2020 Dale Transactions 1 April 1 | H. Pitahan invested the following to for his Rent A Car Business to cater for tourist visiting Bohol Cash deposited to the bank P175,000; 2 units Toyota Van P1.350,000. 2 2 | Bought gasoline and oil for the 2 units van P35.000. Paid business permit and licenses P16,000. Rendered transportation services for the week to several local tourists for cash #18.000 Cash rental revenue for the week P 27,090. Received a bill from Shall Corp for gasoline consumption for the work P16.000. Paid in advance car insurance for 1 year $24,000. Panod covered April 1, 2020 to March 31. 2021 10 Bought spare tires on account from Goodyear ture Supply $15,500 14 Wental reven zhou: on account 1712 004 10 Paid Shell Corp in full (transaction # 6) 11 15 |Paid drivers commission for the week P14.000. 12 16Preventive maintenance check-up and mirror replacement for Toyota van. Paid cash P4.500. Received a bill from shell Corp for gasoline consumption for the week P15.000. 14 22 | Received cash as customers deposit for van reservation $25.000 15 "Rental revenue for the week Cash $ 18,000; on account + 21 000 16 Paid divers commission for the week -14,000 17 23 Collected the amount in full (transaction no. 9) May 14. 18 24 Partial payment of account with Shell Corp. P12,000 19 25 Paid the account in full on May 10 - Transaction . 20 28 Rental revenue for the week P37,000 broken down as follows: P20,000 cash; P17,000 on account 21 50|Pad driver's commission for the week P15.000 22 Collected accounts receivable in full - May 28 transaction. 23 Minor repair on Toyota van paid $3. 500

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