ASSIMILATION 1. Jipuragi Servicing entered into the following transactions during the month of April 2020. April 1 2 Owner invested P300,000 cash on the business. Acquired office supplies on account, P3,600. Paid rent for the month, P2,500. 3 5 Paid telephone bill for the month, P450. 9 Received cash for services performed on this date, P5,600. 10 Paid for advertising in the local newspaper, P750. 14 Withdrew cash from the business P2,500. 19 Made a payment to the creditor for the supplies acquired in the April 2 transaction, P1,600. 23 Paid salary to employee, P850. 27 Received payment from customers, P2,550. 30 Paid electric bill for the month, P600. REQUIREMENTS: 1. Journal Entries, 2. Posting to the ledger using the T-account, and 3. Unadjusted Trial Balance.
ASSIMILATION 1. Jipuragi Servicing entered into the following transactions during the month of April 2020. April 1 2 Owner invested P300,000 cash on the business. Acquired office supplies on account, P3,600. Paid rent for the month, P2,500. 3 5 Paid telephone bill for the month, P450. 9 Received cash for services performed on this date, P5,600. 10 Paid for advertising in the local newspaper, P750. 14 Withdrew cash from the business P2,500. 19 Made a payment to the creditor for the supplies acquired in the April 2 transaction, P1,600. 23 Paid salary to employee, P850. 27 Received payment from customers, P2,550. 30 Paid electric bill for the month, P600. REQUIREMENTS: 1. Journal Entries, 2. Posting to the ledger using the T-account, and 3. Unadjusted Trial Balance.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 3PA: Domingo Company started its business on January 1, 2019. The following transactions occurred during...
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