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Give its general ledger and financial statements

Give its general ledger and financial statements

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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Give its general ledger and financial statements

Date Particulars Debit Credit Dec- 01 Cash P 20,500 Cuneta, Capital P 20,500 Dec- 02 Service Vehicle P 64,000 Cash P 6,000 Notes Payable P 58,000 Dec- 04 Rent Expense P 3,000 Cash P 3,000 Supplies Expense P 9,000 Dec- 05 Accounts Payable P 9,000 Dec- 06 Prepaid Insurance P 5,500 Cash P5,500 Dec- 08 Cash P 14,900 Delivery Revenues 14,900 Dec- 10 Supplies Expense P 4,050 Cash P4,050
Transcribed Image Text:Date Particulars Debit Credit Dec- 01 Cash P 20,500 Cuneta, Capital P 20,500 Dec- 02 Service Vehicle P 64,000 Cash P 6,000 Notes Payable P 58,000 Dec- 04 Rent Expense P 3,000 Cash P 3,000 Supplies Expense P 9,000 Dec- 05 Accounts Payable P 9,000 Dec- 06 Prepaid Insurance P 5,500 Cash P5,500 Dec- 08 Cash P 14,900 Delivery Revenues 14,900 Dec- 10 Supplies Expense P 4,050 Cash P4,050
Salaries Expense P5,000 Dec- 10 Cash P5,000 Dec- 16 Account Receivable P 16,000 Delivery Revenues P 16,000 Dec- 17 Accounts Payable P4,300 Cash P4,300 Dec- 19 Miscellaneous Expense P2,600 Cash P2,600 Dec- 21 Cuneta, Withdrawals P4,450 Cash P4,450 Dec- 22 P9,500 Cash Account Receivable P9,500 Salaries Expense P5,200 Dec- 24 Cash P5,200 Dec- 25 Utilities Expense P1,000 Cash P1,000 Dec- 27 Accounts Receivable P 12,400 Delivery Revenues P 12,400
Transcribed Image Text:Salaries Expense P5,000 Dec- 10 Cash P5,000 Dec- 16 Account Receivable P 16,000 Delivery Revenues P 16,000 Dec- 17 Accounts Payable P4,300 Cash P4,300 Dec- 19 Miscellaneous Expense P2,600 Cash P2,600 Dec- 21 Cuneta, Withdrawals P4,450 Cash P4,450 Dec- 22 P9,500 Cash Account Receivable P9,500 Salaries Expense P5,200 Dec- 24 Cash P5,200 Dec- 25 Utilities Expense P1,000 Cash P1,000 Dec- 27 Accounts Receivable P 12,400 Delivery Revenues P 12,400
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