Exercise 2: JOURNALIZINGThe Good Company has the following accounts in its ledger:CashAccounts receivableSupplies2212x3грязка заяд алом M8911Office furnitureAccounts payableGood, CapitalThe following transactions of the Good Company took place in January of the current year:Jan 3 Paid Php600 cash for supplies.5Withdrew Php3,000 cash for personal use.Received and paid Php357 electric bill for the monthPaid Php950 rent for the monthReceived Php3,487 fees from customers.13Bought 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: JOURNALIZINGGood, WithdrawalsFees revenueUtilities expenseRent expenseMiscellaneousexpense

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Description: Exercise 2: JOURNALIZINGThe Good Company has the following accounts in its ledger:CashAccounts receivableSupplies2212x3грязка заяд алом M8911Office furnitureAccounts payableGood, CapitalThe following transactions of the Good Company took place in Ja

Journal Entries are the records of the transactions entered into by the organization during the…

Business

Accounting

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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9:07 THREE COLUMN CASH BOOK 1. Enter the following transactions in the Three Column Cash Book of M/s. Shreelekha & Co. 2018 May 1 Cash in hand 1,134 "1 Cash at bank 25,350 "2 Deposited into bank 1,000 " 4 Received from Ram Lal 1,580 and discount allowed 20 " 8 Purchased furniture for cash 500 " 11 Paid to Jai Kishan by cheque 1,490 received discount 10 " 15 Received from Gopal by cheque 1,000 " 16 Cash sales 1,570 " 20 Deposited into bank 2,000 " 21 Purchased an old motor car for office and paid by cheque 10,480 " 22 Paid by cheque to Ranganath 734 and received discount 6 " 24 Withdrew from bank for office use 500 " 27 Purchased goods for cash 600 " 28 Withdrew from bank for personal use 1,000 " 31 Paid establishment expenses through bank 900 (Answer: Discount allowed Rs. 20; Discount Received Rs. 16; Cash Balance Rs. 684; Bank Balance Ps. 14,246.) aheadonline.amrita.edu
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QUESTION 1 a) You are the accounts executive for BFC Enterprise. You are responsible to prepare the monthly receivables and payables control accounts for the business. Following are balances from the company’s record at 1 February 2020. Dr RM Cr RM Debtor ledger control account 54,000 1,000 Creditor ledger control account 200 43,000 The following information is extracted in February 2020 from the company’s records: RM Credit sales 251,000 Cash sales 34,000 Credit purchases…
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Subject: Fundamentals of Accounting 2 Topic: Statement of Financial Position(SFP) Lakwandasan General Merchandising Store Lakwandasan General Merchandising Store is managed by Mr. Lakwandasan asked you to determined the balance of his cash account as of December 31, 2018. You determined the following: He kept some cash in the store a change fund. The cash count revealed 8 pcs of 100 peso bill, 20 pieces of 50 bills, 10 pieces of 20 peso bills 40 pieces of 10 peso coins,, 20 pieces of 5 peso coins, 132 pieces of 1 peso coins and 100 pieces of 25 centavo coins. Three of his regular customer gave Mr. Lakwandasan the following check in payments of debt. Php 9,800 dated November 15,2018. Php 12,500 check dated December 23 2018. Php 7,500- Checked dated Febuary 2019 There are two bank account in the name of the store with the following balances. Balance of the saving account on Dec. 31, 2019 according to the passbook is Php 50,150,. A time deposit certificate for Php 200,000 for 90…
Activity 4: journalize the following transactions