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Create worksheet on A. albelto Account

Create worksheet on A. albelto Account

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Create worksheet on A. albelto Account
January 1-31, 2020 1. Mr. Daniel Tan started a shoe repair business by investing P50,000 cash 2. Paid the rent on the shop space for one month, P1,200. 5. Purchased a shoe repair equipment from Capitol Shoe Supply, P15,000, terms 90 days. 6. Paid to Capitol Shoe Supply P5,000 cash to apply on account 8. Purchased various chairs and tables for shop use from Reliable home furnishing P4,800 terms: cash 12. Cash received for services rendered during the week, P13,500. 13. Paid the required mayor's permit and license to operate the business P560. 14. Purchased miscellaneous supplies for shop use for cash, P2,200. 15. Received a bill from the People's Journal for advertisement that appeared in the newspaper P310. 16. Issued a 120-day 15% note to Capitol Shoe Supply for the balance of account with them, P10,000. 18. Sent a bill to Zenith Footwear for various repair services rendered, P16,500. 20. Received a check from Zenith Footwear P5,000 to apply on account. 22. Received a 60-day, 20% note from Zenith Footwear to partially settle their account, P9,000. 23. Mr. Tan, The Owner, Withrew P3,000 cash for personal use. 31. Paid the salary of shop employees P4,200.
Transcribed Image Text:January 1-31, 2020 1. Mr. Daniel Tan started a shoe repair business by investing P50,000 cash 2. Paid the rent on the shop space for one month, P1,200. 5. Purchased a shoe repair equipment from Capitol Shoe Supply, P15,000, terms 90 days. 6. Paid to Capitol Shoe Supply P5,000 cash to apply on account 8. Purchased various chairs and tables for shop use from Reliable home furnishing P4,800 terms: cash 12. Cash received for services rendered during the week, P13,500. 13. Paid the required mayor's permit and license to operate the business P560. 14. Purchased miscellaneous supplies for shop use for cash, P2,200. 15. Received a bill from the People's Journal for advertisement that appeared in the newspaper P310. 16. Issued a 120-day 15% note to Capitol Shoe Supply for the balance of account with them, P10,000. 18. Sent a bill to Zenith Footwear for various repair services rendered, P16,500. 20. Received a check from Zenith Footwear P5,000 to apply on account. 22. Received a 60-day, 20% note from Zenith Footwear to partially settle their account, P9,000. 23. Mr. Tan, The Owner, Withrew P3,000 cash for personal use. 31. Paid the salary of shop employees P4,200.
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