Hotel Reservation System
HRM2A
Rachel Frank owns a service business called Frank’s Car Wash. The business is open from Monday to Saturday 8am to 8pm. Frank’s car wash uses the following accounts:
Cash
Supplies
Prepaid Rent
Prepaid Insurance
Delancy Supplies
Long Supplies
Car wash equipment
Accumulated Depreciation
Accounts Payable
Salaries Payable
Rachel Frank Capital
Rachel Frank Drawing
Sales
Advertising Expense
Insurance Expense
Miscellaneous Expense
Rent Expense
Repairs Expense
Utilities Expense
Depreciation Expense
Salaries Expense
The following transactions were completed during January 2012:
01. Received the following from Rachel Frank as initial investment:
Cash Php 50,000.00 Car wash equipment 50,500.00 Supplies 5,500.00
01. Paid cash for rent representing rental for car wash for five months Php 25,000.00
01. Paid cash for insurance representing three years in advance, Php 18,000.00 02. Purchased additional supplies on account from Delancy Supplies , Php 17,500.00 04. Received cash from customers, Php 17,000.00 05. Paid advertising fee, Php 500.00 06. Received cash from customers, Php 6,500.00 06. Paid Php 1,500.00 for miscellaneous expenses. 07. Paid Php 1,500.00 representing repairs for car wash equipment. 08. Paid cash to owner for personal use, Php 5,000.00 09. Purchased additional supplies from Long Supplies Php 2,500.00 to be paid on January 21, 2012. 09. Paid Delancy Supplies, Php8,000.00 for the supplies previously purchased. 10. Paid Manila Waters, Php 3,570.00 representing water usage for Frank’s Car Wash. 11. Received cash from customers, Php 8,000.00 12. Paid cash for Meralco bill, Php 4,890.00 representing electric billing for Frank’s Car Wash 13. Paid cash for PLDT bill representing residential telephone bill of Rachel Frank, Php 700.00 14. Received cash from customers, Php 5,000.00 15. Paid 7 carwash boys for the service rendered representing 2 week
Rachel Frank owns a service business called Frank’s Car Wash. The business is open from Monday to Saturday 8am to 8pm. Frank’s car wash uses the following accounts:
Cash
Supplies
Prepaid Rent
Prepaid Insurance
Delancy Supplies
Long Supplies
Car wash equipment
Accumulated Depreciation
Accounts Payable
Salaries Payable
Rachel Frank Capital
Rachel Frank Drawing
Sales
Advertising Expense
Insurance Expense
Miscellaneous Expense
Rent Expense
Repairs Expense
Utilities Expense
Depreciation Expense
Salaries Expense
The following transactions were completed during January 2012:
01. Received the following from Rachel Frank as initial investment:
Cash Php 50,000.00 Car wash equipment 50,500.00 Supplies 5,500.00
01. Paid cash for rent representing rental for car wash for five months Php 25,000.00
01. Paid cash for insurance representing three years in advance, Php 18,000.00 02. Purchased additional supplies on account from Delancy Supplies , Php 17,500.00 04. Received cash from customers, Php 17,000.00 05. Paid advertising fee, Php 500.00 06. Received cash from customers, Php 6,500.00 06. Paid Php 1,500.00 for miscellaneous expenses. 07. Paid Php 1,500.00 representing repairs for car wash equipment. 08. Paid cash to owner for personal use, Php 5,000.00 09. Purchased additional supplies from Long Supplies Php 2,500.00 to be paid on January 21, 2012. 09. Paid Delancy Supplies, Php8,000.00 for the supplies previously purchased. 10. Paid Manila Waters, Php 3,570.00 representing water usage for Frank’s Car Wash. 11. Received cash from customers, Php 8,000.00 12. Paid cash for Meralco bill, Php 4,890.00 representing electric billing for Frank’s Car Wash 13. Paid cash for PLDT bill representing residential telephone bill of Rachel Frank, Php 700.00 14. Received cash from customers, Php 5,000.00 15. Paid 7 carwash boys for the service rendered representing 2 week