Directions: Record the transactions of Jinky Estrada for December 2018 in the general journal. Post each transaction to their corresponding ledger accounts. Use the following account code for posting reference. Write your answers on a separate sheet of paper. Account Titles Estrada, Capital Consulting Revenues Salaries Expense Rent Expense 101 Cash 301 102 Accounts Receivable 401 103 Office Furniture 501 Office Equipment Accounts Payable 104 502 201 Jinky Estrada is an experienced event planner. Her transactions for December 2018 are: Dec. 1 Jinky invested P100,000 in cash to start her own business. She paid 5,000 for one month's rent. 3 4 She bought office furniture for P15,000 in cash. 4. She received a laptop computer worth P54,000. She paid 50% down for it with a balance due in 30 days. She performed services for P12,000 in cash. 7 She did services for P11,000 on credit. She acquired a fax machine for P8,500; paid P4,000 in cash, balance due in 10 days. 11 She received P5,400 from clients on account. 14 She paid P12,000 for salaries. 15 She settled in full the balance for the fax machine.

Directions: Record the transactions of Jinky Estrada for December 2018 in the general journal. Post each transaction to their corresponding ledger accounts. Use the following account code for posting reference. Write your answers on a separate sheet of paper. Account Titles Estrada, Capital Consulting Revenues Salaries Expense Rent Expense 101 Cash 301 102 Accounts Receivable 401 103 Office Furniture 501 Office Equipment Accounts Payable 104 502 201 Jinky Estrada is an experienced event planner. Her transactions for December 2018 are: Dec. 1 Jinky invested P100,000 in cash to start her own business. She paid 5,000 for one month's rent. 3 4 She bought office furniture for P15,000 in cash. 4. She received a laptop computer worth P54,000. She paid 50% down for it with a balance due in 30 days. She performed services for P12,000 in cash. 7 She did services for P11,000 on credit. She acquired a fax machine for P8,500; paid P4,000 in cash, balance due in 10 days. 11 She received P5,400 from clients on account. 14 She paid P12,000 for salaries. 15 She settled in full the balance for the fax machine.

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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please answer in detail. how to record a journal entry this on 30/06/21 Restaurant Due to surplus cash in the bank account, on 1 June 2021, The Unit Trust prepaid its insurance premium for the next 12 months totalling $13,200 (GST-inclusive) By making this payment, this means that the restaurant's insurance is prepaid until 31 May 2022. Belinda recorded the following journal entry in MYOB on 1 June 2021: DATE PARTICULARS POST REF DEBIT CREDIT 1 June Insurance expense 6-1110 GST receivable 2-1040 Cash at bank - Bank of Brisbane 1-1010 13,200 (Prepayment of insurance policy for the next 12 months) 30/June InSulance expense 1.000 plepaid insurance Ignore any GST consequences. If any adjusting entries are required, please record this entry in the general journal in MYOB. Note: There are 30 days from 1 June 2021 to 30 June 2021. 12,000 1,200
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Hespeler services financial accounting information for the year ending October 2019 is presented below , assume all accounts have a normal balance
create a t account for this month
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Requirements: 1. Journalize each transaction including explanations. 2. The accounts listed in the trial balance, together with their balances as of March 31,2024, have been opened for you in T-account form. Post the journal entries to the ledger (use T-account format). 3. Prepare the trial balance of Harper Service Center as of April 30, 2024. More info Apr. 2 Borrowed $45,000 from the bank and signed a note payable in the name of the business. Apr. 4 Paid cash of $40,000 to acquire land. Apr. 9 Performed services for a customer and received cash of $5,000. Apr. 13 Purchased office supplies on account, $300. Apr. 15 Performed services for a customer on account, $2,600. Apr. 18 Paid $1,200 on account. Apr. 21 Paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. Apr. 25 Received $3,100 from a customer on account. Apr. 27 Received a $200 utility bill that will be paid next month. Apr. 29 Received $1,500 for services to be…
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