April 01 - Invested capital. P1,7000,000 02 - Paid P12,000 as two months advance rent on a completely furnished building. 05 - Paid cash for delivery trucks P950,000 06 - Rendered delivery services P60,250. 07 - Billed credit clients, P50,150 08 - Acquired computers, printers and other office requirement totalling to P122,000 on account. 09 - Paid P3,200 for supplies recieved. 12 - Performed delivery services for costumers who promised to pay P27,000 at a later date. 15 - Invested additional cash P50,200 15 - Paid P8,400 salaries to employees for 1st half of the month. 18 - Paid promotionals tarpaulins for its advertising for the month, P3,510 20. Collected cash of ₱4,500 from customers on account (see April 12 entry). 21. Received a bill and paid for ₱1,500 for advertising in the local newspaper in April. 25. Paid cash for gas and oil consumed in April, ₱650. 27. Performed services cash, ₱10,500. 28. Acquired office chairs for ₱5,200 on account 29. Paid expenses for petty items, ₱1,000. 30. Withdraw ₱150,000 for personal use. 30. Earned services for delivery to a company client for credit, ₱52,540. 30. Paid ₱8,400 salaries to employees for 2nd half of April. Journalize the entries in proper format.
April
01 - Invested capital. P1,7000,000
02 - Paid P12,000 as two months advance rent on a completely furnished building.
05 - Paid cash for delivery trucks P950,000
06 - Rendered delivery services P60,250.
07 - Billed credit clients, P50,150
08 - Acquired computers, printers and other office requirement totalling to P122,000 on account.
09 - Paid P3,200 for supplies recieved.
12 - Performed delivery services for costumers who promised to pay P27,000 at a later date.
15 - Invested additional cash P50,200
15 - Paid P8,400 salaries to employees for 1st half of the month.
18 - Paid promotionals tarpaulins for its advertising for the month, P3,510
20. Collected cash of ₱4,500 from customers on account (see April 12 entry).
21. Received a bill and paid for ₱1,500 for advertising in the local newspaper in April.
25. Paid cash for gas and oil consumed in April, ₱650.
27. Performed services cash, ₱10,500.
28. Acquired office chairs for ₱5,200 on account
29. Paid expenses for petty items, ₱1,000.
30. Withdraw ₱150,000 for personal use.
30. Earned services for delivery to a company client for credit, ₱52,540.
30. Paid ₱8,400 salaries to employees for 2nd half of April.
Step by step
Solved in 2 steps with 1 images
