ransactions that happened for the month of March. Journalize the transactions. Accounts Receivable Mar 1 - Mr. Martinez invested P500,000 and Supplies P350,000 worth of equipment. Equipment Mar 2 – Purchased supplies worth P25,000 on account. Vehicle Mar 4 – Rendered photography services to B. advertising worth P35,000, on account. Accounts Payable Notes Payable Mar 4 - Purchased additional supplies, P15,000. Martinez, Capital Mar 6 – Bought equipment worth P90,000, erms: 50% downpayment, 25% on account, Service Income and issued promissory note for the remaining Insurance Expense balance. Salaries Expense Mar 8 – Martinez photography covered the vedding of Lopez couple worth P50,000 and eceived the payment right after the event. Utilities Expense Mar 9 - Collected 50% of the balance from B.
ransactions that happened for the month of March. Journalize the transactions. Accounts Receivable Mar 1 - Mr. Martinez invested P500,000 and Supplies P350,000 worth of equipment. Equipment Mar 2 – Purchased supplies worth P25,000 on account. Vehicle Mar 4 – Rendered photography services to B. advertising worth P35,000, on account. Accounts Payable Notes Payable Mar 4 - Purchased additional supplies, P15,000. Martinez, Capital Mar 6 – Bought equipment worth P90,000, erms: 50% downpayment, 25% on account, Service Income and issued promissory note for the remaining Insurance Expense balance. Salaries Expense Mar 8 – Martinez photography covered the vedding of Lopez couple worth P50,000 and eceived the payment right after the event. Utilities Expense Mar 9 - Collected 50% of the balance from B.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5PB: Lavender Company started its business on April 1, 2019. The following are the transactions that...
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