Directions: .Journalize the following transactions of Jenbert’s Hair Salon for the month of October 2020, then post the transaction in T- Account. Prepare Income Statement. 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 personal use. 28 Paid electric bill Php 8,000 30 Jenbert deposited Php 30,000 in a business account as additional investment. 31 Paid rent for the month Php 10,000
Directions: .Journalize the following transactions of Jenbert’s Hair Salon for the month of October 2020, then
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 personal use.
28 Paid electric bill Php 8,000
30 Jenbert deposited Php 30,000 in a business account as additional investment.
31 Paid rent for the month Php 10,000
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