On June 7, 2018 – Alpha Laundry Systems bought supplies for laundry amounting to P10,000. The supplies bought are laundry consumables such detergent powder, soap bar and fabric softener. Monthly inventory will be conducted to determine unused supplies and will be recognized for each month end report. Your Journal Entry:
On June 15, 2018 – Alpha Laundry Systems paid P4,750 cash for salary of laundry
operator.
On June 16, 2018 – Alpha Laundry Systems received P25,000 cash for laundry
