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st Cash 100,000 Armenta, Capital Inventment by owner. P 100,000 Armenta Communications is a public relations firm. During the month of August 2 completed the following transactions: Aug 1 Rent Expense 6,500 Jerry Armenta deposited P100,000 in a bank account in the name of the Paid rent for August, P6,500. 3 Rendered service to customers on account, P30,000 7 Ordered supplies, P3,800. 9 Received cash from customers on account, P23,000. Cash 6,500 Rent for August. 3 Accounts Receivable 30,000 Service Revenue 30.000

st Cash 100,000 Armenta, Capital Inventment by owner. P 100,000 Armenta Communications is a public relations firm. During the month of August 2 completed the following transactions: Aug 1 Rent Expense 6,500 Jerry Armenta deposited P100,000 in a bank account in the name of the Paid rent for August, P6,500. 3 Rendered service to customers on account, P30,000 7 Ordered supplies, P3,800. 9 Received cash from customers on account, P23,000. Cash 6,500 Rent for August. 3 Accounts Receivable 30,000 Service Revenue 30.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Journal Posting to Ledger and Trial Balance Preparation I'll upvote if its complete
Date Account Titles and Explanation PR Debit Credit 2019 August 1 Cash P 100,000 Armenta, Capital P 100,000 Inventment by owner. Armenta Communications is a public relations firm. During the month of August 2019, the company completed the following transactions: Aug 1 2 Rent Expense 6,500 Cash 6,500 Jerry Armenta deposited P100,000 in a bank account in the name of the business. Paid rent for August, P6,500. 3 Rendered service to customers on account, P30,000 7 Ordered supplies, P3,800. 9 Received cash from customers on account, P23,000. 10 Billed customers for services rendered, P28,000 11 Purchased Office Equipment on account, P22,000. 13 Made a payment on accounts payable, P11,000. 14 Received the supplies ordered on August 7 and agreed to pay in thirty days, P3,800. Rent for August. 3 Accounts Receivable 30,000 Service Revenue 30,000 Service to customer on account. 7 No Entry 19 Received cash from a customer for services rendered, P48,000 24 Paid the electric and water bill for August, P1,600. 25 Paid the telephone bill for August, P1,200. 26 Received a bill, to be paid in September, for advertising placed in a national newspaper during the month of August to promote Armenta Communications, P7,000. 29 Billed a customer for services rendered, P27,000. 30 Paid salaries for the month P38,000. 31 Withdrew cash for personal use, P12,000. 9 Cash 23,000 Accounts Receivable 23,000 Collection from customer. 10 Accounts Receivable 28,000 Service Revenue 28,000 Service on account 11 Office Equipment 22,000 CASH (P) Accounts Payable Purchase of office equipment on account. 22,000 13 Accounts Payable 11,000 Cash 11,000 Payment on accounts payable. Supplies Accounts Payable 14 3,800 3,800 Supplies on account
Transcribed Image Text:Date Account Titles and Explanation PR Debit Credit 2019 August 1 Cash P 100,000 Armenta, Capital P 100,000 Inventment by owner. Armenta Communications is a public relations firm. During the month of August 2019, the company completed the following transactions: Aug 1 2 Rent Expense 6,500 Cash 6,500 Jerry Armenta deposited P100,000 in a bank account in the name of the business. Paid rent for August, P6,500. 3 Rendered service to customers on account, P30,000 7 Ordered supplies, P3,800. 9 Received cash from customers on account, P23,000. 10 Billed customers for services rendered, P28,000 11 Purchased Office Equipment on account, P22,000. 13 Made a payment on accounts payable, P11,000. 14 Received the supplies ordered on August 7 and agreed to pay in thirty days, P3,800. Rent for August. 3 Accounts Receivable 30,000 Service Revenue 30,000 Service to customer on account. 7 No Entry 19 Received cash from a customer for services rendered, P48,000 24 Paid the electric and water bill for August, P1,600. 25 Paid the telephone bill for August, P1,200. 26 Received a bill, to be paid in September, for advertising placed in a national newspaper during the month of August to promote Armenta Communications, P7,000. 29 Billed a customer for services rendered, P27,000. 30 Paid salaries for the month P38,000. 31 Withdrew cash for personal use, P12,000. 9 Cash 23,000 Accounts Receivable 23,000 Collection from customer. 10 Accounts Receivable 28,000 Service Revenue 28,000 Service on account 11 Office Equipment 22,000 CASH (P) Accounts Payable Purchase of office equipment on account. 22,000 13 Accounts Payable 11,000 Cash 11,000 Payment on accounts payable. Supplies Accounts Payable 14 3,800 3,800 Supplies on account
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