I Analyze and make journal entries for the following transactions of Dada's Mart owned and operated by Diana . 2020 1 Cash purchases from Macro, P75,000 plus 12% VAT. 5 Purchased goods from Yssa's Fruit Farm for P 67,200, VAT included.Terms: 2/10, n/30. 8 Returned defective goods to Yssa's Fruit Farm, P 5,000, VAT excluded. 10 Bought equipment for office use from Jhamas Marketing, P 35,000 plus VAT. Term: n/60. 15 Paid in full the account to Yssa's Fruit Farms. 20 Purchased goods from Colette Grocery, P33,600, VAT included. Term: 2/10, n/30. 24 Returned defective goods to Colette Grocery, P 5,600, VAT included. 30 Made a full payment to Colette Grocery Jan
I Analyze and make journal entries for the following transactions of Dada's Mart owned and operated by Diana . 2020 1 Cash purchases from Macro, P75,000 plus 12% VAT. 5 Purchased goods from Yssa's Fruit Farm for P 67,200, VAT included.Terms: 2/10, n/30. 8 Returned defective goods to Yssa's Fruit Farm, P 5,000, VAT excluded. 10 Bought equipment for office use from Jhamas Marketing, P 35,000 plus VAT. Term: n/60. 15 Paid in full the account to Yssa's Fruit Farms. 20 Purchased goods from Colette Grocery, P33,600, VAT included. Term: 2/10, n/30. 24 Returned defective goods to Colette Grocery, P 5,600, VAT included. 30 Made a full payment to Colette Grocery Jan
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![I Analyze and make journal entries for the following transactions of Dada's Mart owned and
operated by Diana .
2020
1 Cash purchases from Macro, P75,000 plus 12% VAT.
5 Purchased goods from Yssa's Fruit Farm for P 67,200, VAT included.Terms: 2/10, n/30.
8 Returned defective goods to Yssa's Fruit Farm, P 5,000, VAT excluded.
10 Bought equipment for office use from Jhamas Marketing, P 35,000 plus VAT. Term: n/60.
15 Paid in full the account to Yssa's Fruit Farms.
20 Purchased goods from Colette Grocery, P33,600, VAT included. Term: 2/10, n/30.
24 Returned defective goods to Colette Grocery, P 5,600, VAT included.
30 Made a full payment to Colette Grocery
Jan](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F57359e1a-c301-4345-a757-27428aba6236%2F6a532ce4-ec01-4dec-9eec-32e35cb714f2%2F7ica2ib_processed.png&w=3840&q=75)
Transcribed Image Text:I Analyze and make journal entries for the following transactions of Dada's Mart owned and
operated by Diana .
2020
1 Cash purchases from Macro, P75,000 plus 12% VAT.
5 Purchased goods from Yssa's Fruit Farm for P 67,200, VAT included.Terms: 2/10, n/30.
8 Returned defective goods to Yssa's Fruit Farm, P 5,000, VAT excluded.
10 Bought equipment for office use from Jhamas Marketing, P 35,000 plus VAT. Term: n/60.
15 Paid in full the account to Yssa's Fruit Farms.
20 Purchased goods from Colette Grocery, P33,600, VAT included. Term: 2/10, n/30.
24 Returned defective goods to Colette Grocery, P 5,600, VAT included.
30 Made a full payment to Colette Grocery
Jan
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