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Exercise 2: JOURNALIZING The Good Company has the following accounts in its ledger: Cash Accounts receivable Supplies 3208333DITAR ROM Office furniture Accounts payable Good, Capital ercise 3: JOURNALIZING 11 Received Php3,487 fees from customers. Bought desk on account, Php2,300. 13 24 Received Php2,950 from customers on account. 27 Paid creditor Php670. 27 Paid advertising expense, Php250. 30 Paid telephone bill, P380. Good, Withdrawals Fees revenue Utilities expense The following transactions of the Good Company took place in January of the current year: Jan 3 Paid Php600 cash for supplies. 5 Withdrew Php3,000 cash for personal use. 8 Received and paid Php357 electric bill for the month Paid Php950 rent for the month 9 Rent expense Miscellaneous expense

Exercise 2: JOURNALIZING The Good Company has the following accounts in its ledger: Cash Accounts receivable Supplies 3208333DITAR ROM Office furniture Accounts payable Good, Capital ercise 3: JOURNALIZING 11 Received Php3,487 fees from customers. Bought desk on account, Php2,300. 13 24 Received Php2,950 from customers on account. 27 Paid creditor Php670. 27 Paid advertising expense, Php250. 30 Paid telephone bill, P380. Good, Withdrawals Fees revenue Utilities expense The following transactions of the Good Company took place in January of the current year: Jan 3 Paid Php600 cash for supplies. 5 Withdrew Php3,000 cash for personal use. 8 Received and paid Php357 electric bill for the month Paid Php950 rent for the month 9 Rent expense Miscellaneous expense

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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Exercise 2: JOURNALIZING The Good Company has the following accounts in its ledger: Cash Accounts receivable Supplies 2212x3 грязка заяд алом M 8 9 11 Office furniture Accounts payable Good, Capital The following transactions of the Good Company took place in January of the current year: Jan 3 Paid Php600 cash for supplies. 5 Withdrew Php3,000 cash for personal use. Received and paid Php357 electric bill for the month Paid Php950 rent for the month Received Php3,487 fees from customers. 13 Bought desk on account, Php2,300. 24 Received Php2,950 from customers on account. 27 Paid creditor Php670. 27 Paid advertising expense, Php250. 30 Paid telephone bill, P380. ercise 3: JOURNALIZING Good, Withdrawals Fees revenue Utilities expense Rent expense Miscellaneous expense
Transcribed Image Text:Exercise 2: JOURNALIZING The Good Company has the following accounts in its ledger: Cash Accounts receivable Supplies 2212x3 грязка заяд алом M 8 9 11 Office furniture Accounts payable Good, Capital The following transactions of the Good Company took place in January of the current year: Jan 3 Paid Php600 cash for supplies. 5 Withdrew Php3,000 cash for personal use. Received and paid Php357 electric bill for the month Paid Php950 rent for the month Received Php3,487 fees from customers. 13 Bought desk on account, Php2,300. 24 Received Php2,950 from customers on account. 27 Paid creditor Php670. 27 Paid advertising expense, Php250. 30 Paid telephone bill, P380. ercise 3: JOURNALIZING Good, Withdrawals Fees revenue Utilities expense Rent expense Miscellaneous expense
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