Fundamentals in Accounting, Business and Management1Journal and T-Account PracticeINSTRUCTION: Journalize each transaction then prepare T-ACCOUNTS1. January 1, 2022 – Cris Brown invested P1,800,000 cash in Cris B. Goods.2. January 2, 2022 – Cris B. purchase Computer P35,000, Tables and ChairsP20,000, Office Equipment P50,0003. January 3, 2022 – Cris B. was approved to a bank loan of P1,000,000. Hereceived the cash right away.4. January 5, 2022 – Cris B started the operation. He sells goods to the customerand received P50,000 for goods delivered.5. January 6, 2022 – Cris B. purchase Office Supplies on account P 15,0006. January 7, 2022 – Received a 10-day note from customer, P10,0007. January 8, 2022 - Cris B paid P200,000 to the bank as partial payment for theloan.8. January 9, 2022 - Cris B paid in full the office supplies purchased on January 6.9. January 10, 2022 - Cris B. paid Salary of Staff P25,00010. January 11, 2022 – Cris B received 100,000 cash from the customer for thedelivered goods.11.January 12, 2022 – Cris B. withdraw cash P50,00012.January 13, 2022 – the customer paid the note on January 7, 202213. January 14, 2022 – Cris B. purchase another computer for the business. He paidcash P50,000.14. January 15, 2022 – Cris B paid P2,500 for repairs of office equipment.15. January 16, 2022 - Cris B paid Utilities of P20,50016. January 17, 2022 - Cris B sold P 78,000 worth of goods on account17. January 18, 2022 – Cris B purchase printer on account, 35,00018. January 19, 2022 – Cris B received cash payment on number 1619. January 20, 2022 – Cris B paid the rent of the store P10,00020. January 21, 2022 - Cris B paid the printer he purchased last January 18, 202221. January 22, 2022 – Cris B. withdraw cash P150,00022. January 23, 2022 – Cris B paid the following expenses: Salary P10,000 MealsP20,000, Internet 3,500, Communication Expense P4,500, Repairs andMaintenance P8,00023. January 25, 2022 – Received a 15-day note from customer, P100,00024. January 18, 2022 – the customer paid 50% of the note received on January 25,202225. January 30, 2022 – Cris B invest additional P2,500,000 cash to Cris B. Goods

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Description: Fundamentals in Accounting, Business and Management1Journal and T-Account PracticeINSTRUCTION: Journalize each transaction then prepare T-ACCOUNTS1. January 1, 2022 – Cris Brown invested P1,800,000 cash in Cris B. Goods.2. January 2, 2022 – Cris B.

Journal Entry The purpose of preparing the journal entry to enter the required transaction into…

Business

Accounting

Fundamentals in Accounting, Business and Management1 Journal and T-Account Practice INSTRUCTION: Journalize each transaction then prepare T-ACCOUNTS 1. January 1, 2022 - Cris Brown invested P1,800,000 cash in Cris B. Goods. 2. January 2, 2022 – Cris B. purchase Computer P35,000, Tables and Chairs P20,000, Office Equipment P50,000 3. January 3, 2022 - Cris B. was approved to a bank loan of P1,000,000. He received the cash right away.

Fundamentals in Accounting, Business and Management1 Journal and T-Account Practice INSTRUCTION: Journalize each transaction then prepare T-ACCOUNTS 1. January 1, 2022 - Cris Brown invested P1,800,000 cash in Cris B. Goods. 2. January 2, 2022 – Cris B. purchase Computer P35,000, Tables and Chairs P20,000, Office Equipment P50,000 3. January 3, 2022 - Cris B. was approved to a bank loan of P1,000,000. He received the cash right away.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter2: Analyzing Transactions Into Debit And Credit Parts

Section: Chapter Questions

Problem 1MP

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