Activity 4: Joumal entry!W7Instructions: Prepare the entries to record the following independent transactionswith explanations. You may use a separate sheet of paper for your answer.1. On Jan 4, 2020, received PHP20,000 from a customer in payment for servicesrendered.2. Payment to X Supplier amounting to PHP4,000 for office supplies purchased onJan 3, 2020.3. Maria invested PHP60,000 on Jan 18, 2020 to start a barbershop in lligan City.4. On Jan 3, 2020 paid PHP10,000 rental amount for the month of Jan 2020.5. On Jan 15, 2020, Peter Pawn withdrew PHP30,000 from his business to pay forthe tuition of his son.6. Collected PHP20,0017, 2020.7. Paid the salary of the office secretary amounting to PHP15,000 on Jan 18, 2016.8. Purchased office equipment worth PHP20,000 by paying 40% down payment andthe balance on accountof the accounts receivable from Malakas Company on Jan9. Paid Php 20,000 of the accounts payable on Jan 28, 202010.Rendered services to clients on January 18,2020 amounting to Php15,600

Name: Activity 4: Joumal entry!W7Instructions: Prepare the entries to recor
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Description: Activity 4: Joumal entry!W7Instructions: Prepare the entries to record the following independent transactionswith explanations. You may use a separate sheet of paper for your answer.1. On Jan 4, 2020, received PHP20,000 from a customer in payment fo

The journal entries are prepared to keep the record of day to day transactions of the business on…

Business

Accounting

nstructions: Prepare the entries to record the following independent transactions vith explanations. You may use a separate sheet of paper for your answer. 1. On Jan 4, 2020, received PHP20,000 from a customer in payment for services rendered. E. Payment to X Supplier amounting to PHP4,000 for office supplies purchased on Jan 3, 2020. Maria invested PHP60,000 on Jan 18, 2020 to start a barbershop in lligan City. On Jan 3, 2020 paid PHP10,000 rental amount for the month of Jan 2020. -On Jan 15, 2020, Peter Pawn withdrew PHP30,000 from his business to pay for the tuition of his son. - Collected PHP20,000 of the accounts receivable from Malakas Company on Jan 17, 2020. Paid the salary of the office secretary amounting to PHP15,000 on Jan 18, 2016. Purchased office equipment worth PHP20,000 by paying 40% down payment and the balance on account Paid Php 20,000 of the accounts payable on Jan 28, 2020 O.Rendered services to clients on January 18,2020 amounting to Php15,600

nstructions: Prepare the entries to record the following independent transactions vith explanations. You may use a separate sheet of paper for your answer. 1. On Jan 4, 2020, received PHP20,000 from a customer in payment for services rendered. E. Payment to X Supplier amounting to PHP4,000 for office supplies purchased on Jan 3, 2020. Maria invested PHP60,000 on Jan 18, 2020 to start a barbershop in lligan City. On Jan 3, 2020 paid PHP10,000 rental amount for the month of Jan 2020. -On Jan 15, 2020, Peter Pawn withdrew PHP30,000 from his business to pay for the tuition of his son. - Collected PHP20,000 of the accounts receivable from Malakas Company on Jan 17, 2020. Paid the salary of the office secretary amounting to PHP15,000 on Jan 18, 2016. Purchased office equipment worth PHP20,000 by paying 40% down payment and the balance on account Paid Php 20,000 of the accounts payable on Jan 28, 2020 O.Rendered services to clients on January 18,2020 amounting to Php15,600

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 35CE: Notes Receivable Link Communications programs voicemail systems for businesses. For a recent...

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Your activity: Posting to the ledger The following journal entries were found in the books of Lagumang Pagsusulit Photocopying Services in the month of January 2019: January 2019 Cash on Hand Php 30,000.00 Machines 450,000.00 Building Granfon, Capital 500,000.00 Php 980,000.00 3 Permits and Licenses 7,500.00 Cash on Hand 7,500.00 4 Cash on hand 5,500.00 Service Revenue 5,500.00 5 Cash on Hand 4,650.00 2,300.00 Accounts Receivable Service Revenue 6,950.00 6 12,000.00 Prepaid Insurance Cash on hand 12,000.00 9 Supplies 10,000.00 Accounts Payable 10,000.00 13 Cash on Hand 15,500.00 Service Revenue 15,500.00 15 Accounts Receivable 8,000.00 Service Revenue 8,000.00 Salaries Expense Cash on Hand 16 3,000.00 3,000.00
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Directions: .Journalize the following transactions of Jenbert’s Hair Salon for the month of October 2020, then post the transaction in T- Account. Prepare Statement of Financial Position. October 2 Jenbert withdrew Php 500,000 from her personal account in Union Bank and deposited the account to BPI under the account of Jenbert’s Hair Salon. 5 PurchasedSalon Equipment amounting Php 400,000 from Ceneta’s Electronics, Based on agreed transaction Php 100,000 will be paid on credit account. 7 Bought Salon Supplies from Landmark Php 10,000 on account. 8 Purchased Office Supplies Php 2,500. 9 Purchased Furniture from Wilcon Depot Php 15,000. 10 Initial Payment to Ceneta’s Electronics Php 20,000. 12 Rendered salon services to Beauty Essentials on account Php 70,000. 14 Received cash from customer Php 2,000. 17 Salon service rendered for cash to client Adeline Php 3,000 20 Collection of account from Beauty Essentials. 25 Paid worker’s salaries Php 15,000. 26 Jenbert withdraw Php 2,000 for…
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