Please provide journal entries for the following: 1. Deposited P900,000 in the bank and contributed a systems library valued at P390,000 to start a business. 2. Paid office rent for the month, P36,000. 3. Acquired computer equipment for cash, P700,000. 4. Purchased computer supplies on credit, P60,000. 5. Received payment from a client for programing done, P280,000. 6. Billed a client on completion of a programming project, P71,000. 7. Paid salaries, P80,000. 8. Received a partial payment from the client billed, P61,000. 9. Withdrew P25,000 for personal expenses. 10. Made partial payment on the supplies purchased, P30,000
Please provide journal entries for the following: 1. Deposited P900,000 in the bank and contributed a systems library valued at P390,000 to start a business. 2. Paid office rent for the month, P36,000. 3. Acquired computer equipment for cash, P700,000. 4. Purchased computer supplies on credit, P60,000. 5. Received payment from a client for programing done, P280,000. 6. Billed a client on completion of a programming project, P71,000. 7. Paid salaries, P80,000. 8. Received a partial payment from the client billed, P61,000. 9. Withdrew P25,000 for personal expenses. 10. Made partial payment on the supplies purchased, P30,000
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 6AP
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Question
Please provide
1. Deposited P900,000 in the bank and contributed a systems library valued at P390,000 to start a business.
2. Paid office rent for the month, P36,000.
3. Acquired computer equipment for cash, P700,000.
4. Purchased computer supplies on credit, P60,000.
5. Received payment from a client for programing done, P280,000.
6. Billed a client on completion of a programming project, P71,000.
7. Paid salaries, P80,000.
8. Received a partial payment from the client billed, P61,000.
9. Withdrew P25,000 for personal expenses.
10. Made partial payment on the supplies purchased, P30,000
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