23 Paid Triple M Co., in full. Caleb deposited P 14,000 to the company's bank account. 24 28 Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb's personal plan. A. Construct T- Accounts for the Account titles used with the Normal Balance. B. Prepare the joumal entries of Kaizen Consultancy Services for the month of March, 2019
23 Paid Triple M Co., in full. Caleb deposited P 14,000 to the company's bank account. 24 28 Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb's personal plan. A. Construct T- Accounts for the Account titles used with the Normal Balance. B. Prepare the joumal entries of Kaizen Consultancy Services for the month of March, 2019
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:DATE
TRANSACTIONS|
March
1
Caleb tinvesteed P 50,000 cash and P 20,000 equipment to his Kaizen
Consultancy Services.
Bought P 15,000 equipment from Triple M Co. on credit.
3
6
Consultancy services rendered on account P 12,000
Paid Triple M Co., P5,000 as partial payment of account.
6
7
Consultancy services rendered for cash P8,000
8
Collected P3,000 from a customer.
10
Received electric bill from Meralco P 2,800.
12
Returned P 1,500 defective equipment to Triple M Co.
Caleb withdrew P 9,000 from the company's bank account and deposited it to his
13
own account.
14
Paid electric bill to Meralco.
15
Caleb withdrevw P40,000 for his vacation.
23
Paid Triple M Co.,, in full.
Caleb deposited P 14,000 to the company's bank account.
24
28
Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb's
personal plan.
A. Construct T- Accounts for the Account titles used with the Normal Balance.
B. Prepare the joumal entries of Kaizen Consultancy Services for the month of March,
2019.
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