REQUIRED:• T-account • Trial Balance• Income Statement Dec-14Salaries expense12,000Cash12,000To record salaries expenseDec-15Cash36,000Accounts receivable24,000Service income60,000To record service incomeDec-17Accounts payable8,000Cash8,000To record payment to accounts payableDec-19Cash2,000Service income2,000to record service incomeDec-22 Utility expense6,000Accounts payableTo record utility expense on account6,000Dec-24Cash5,000Service income5,000To record service incomeDec-26Accounts payable5,000Cash5,000To record payment to accounts payableDec-28Candelaria Maugat, Withdrawals5,000Cash5,000To record withdrawalsDec-28 Advertising expense3,000Cash3,000To record advertising expenseDec-31 Accounts payable6,000Cash6,000To record payment to accounts payable DATEPARTICULARSDEBITCREDITР 200,00040,000Dec-01CashEquipmentCandelaria Maugat, CapitalTo record investmentP 240,000Dec-03 Supplies7,0007,000CashTo record purchased suppliesDec-05Rent expenses5,000Cash5,000To record expensesDec-06Cash20,000Service Income20,000Dec-07 Furniture and fixturesAccounts payable8,0008,000to record furniture and fixtures on accountDec-10 Equipment|10,000Cash5,0005,000Accounts paybaleTo record equipment on accountDec-11Cash20,000Service income20,000To record service income

Name: REQUIRED:• T-account • Trial Balance• Income Statement Dec-14Salaries
Uploaded: 2024-03-04T10:43:15.000Z
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Description: REQUIRED:• T-account • Trial Balance• Income Statement Dec-14Salaries expense12,000Cash12,000To record salaries expenseDec-15Cash36,000Accounts receivable24,000Service income60,000To record service incomeDec-17Accounts payable8,000Cash8,000To record

Journal Entries are posted into T-accounts. The balance of T-accounts are presented in the trial…

Business

Accounting

DATE PARTICULARS DEBIT CREDIT P 200,000 40,000 Dec-01 Cash Equipment Candelaria Maugat, Capital To record investment P 240,000 Dec-03 Supplies 7,000 7,000 Cash To record purchased supplies Dec-05 Rent expenses 5,000 Cash 5,000 To record expenses Dec-06 Cash 20,000 Service Income 20,000 Dec-07 Furniture and fixtures Accounts payable 8,000 8,000 to record furniture and fixtures on account Dec-10 Equipment 10,000 Cash Accounts paybale To record equipment on account 5,000 5,000 Cash Service income To record service income Dec-11 20,000 20,000

DATE PARTICULARS DEBIT CREDIT P 200,000 40,000 Dec-01 Cash Equipment Candelaria Maugat, Capital To record investment P 240,000 Dec-03 Supplies 7,000 7,000 Cash To record purchased supplies Dec-05 Rent expenses 5,000 Cash 5,000 To record expenses Dec-06 Cash 20,000 Service Income 20,000 Dec-07 Furniture and fixtures Accounts payable 8,000 8,000 to record furniture and fixtures on account Dec-10 Equipment 10,000 Cash Accounts paybale To record equipment on account 5,000 5,000 Cash Service income To record service income Dec-11 20,000 20,000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 2.4C

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