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Identify what special journal that is applicable for the following transactions:

Identify what special journal that is applicable for the following transactions:

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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FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1 LESSON 9: BOOKS OF ACCOUNTS (4TH QTR/WEEK 3-4) Name: 0 CHELLE MAF 1OZADA Section: 21 PRE-ACTIVITY Identify what special journal that is applicable for the following transactions: 1. Collected PHP10,000 from a customer in payment of his account. 2. Bought 100 pieces of mugs to be sold in the store amounting to PHP1,500 on account. 3. Sold five pieces of mugs to X, PHP320 cash. 4. Sold two pieces of mugs to Y, PHP112 cash 5. Purchased office supplies for cash, PHP500. 6. Paid PHP20,000 monthly rental. 7. Paid salary of staff, PHP15,000 8. Sold 100 pieces of mugs to Unicup, Inc., PHP5,600 on account. 9. Sold 500 pieces of mugs to Bugsmore Corp. for PHP15,300 payables one month after delivery. 10. Purchase on account 1,000 pieces of mugs for PHP12,400
Transcribed Image Text:FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1 LESSON 9: BOOKS OF ACCOUNTS (4TH QTR/WEEK 3-4) Name: 0 CHELLE MAF 1OZADA Section: 21 PRE-ACTIVITY Identify what special journal that is applicable for the following transactions: 1. Collected PHP10,000 from a customer in payment of his account. 2. Bought 100 pieces of mugs to be sold in the store amounting to PHP1,500 on account. 3. Sold five pieces of mugs to X, PHP320 cash. 4. Sold two pieces of mugs to Y, PHP112 cash 5. Purchased office supplies for cash, PHP500. 6. Paid PHP20,000 monthly rental. 7. Paid salary of staff, PHP15,000 8. Sold 100 pieces of mugs to Unicup, Inc., PHP5,600 on account. 9. Sold 500 pieces of mugs to Bugsmore Corp. for PHP15,300 payables one month after delivery. 10. Purchase on account 1,000 pieces of mugs for PHP12,400
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