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Journalize each transaction Maurice Sabio is a financial planning consultant. She completed the following transactions during the month of December of the current year: Dec 1 3 4 7 12 17 20 27 14 21 24 28 29 Sabio invested cash in the business, P200,000 Paid December office rent, P10,000 Received P25,000 from a client, Rowen Carpio, for service rendered. Received P 20,00 from Olive Oabel, a client for service rendered. Paid cash to Shell Super Service for gasoline purchase, P600 Paid cash to Tulungan manpower Service in payment for contractual secretarial services during the past two weeks P6,000 Bought office supplies on account P2,800 Paid telephone bills P1,000 Sabio withdrew cash for personal use P11,000 Donated cash to the Phil. National Red Cross, P1,000 Received P20,000 from Vivian De Guzman, a client for services rendered. Paid electric bill, P750 Made partial payment on supplies purchased on account, P1,000.

Journalize each transaction Maurice Sabio is a financial planning consultant. She completed the following transactions during the month of December of the current year: Dec 1 3 4 7 12 17 20 27 14 21 24 28 29 Sabio invested cash in the business, P200,000 Paid December office rent, P10,000 Received P25,000 from a client, Rowen Carpio, for service rendered. Received P 20,00 from Olive Oabel, a client for service rendered. Paid cash to Shell Super Service for gasoline purchase, P600 Paid cash to Tulungan manpower Service in payment for contractual secretarial services during the past two weeks P6,000 Bought office supplies on account P2,800 Paid telephone bills P1,000 Sabio withdrew cash for personal use P11,000 Donated cash to the Phil. National Red Cross, P1,000 Received P20,000 from Vivian De Guzman, a client for services rendered. Paid electric bill, P750 Made partial payment on supplies purchased on account, P1,000.

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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Journalize each transaction Maurice Sabio is a financial planning consultant. She completed the following transactions during the month of December of the current year: Dec 1 3 20 21 17 24 27 14 28 29 4 7 12 Sabio invested cash in the business, P200,000 Paid December office rent, P10,000 Received P25,000 from a client, Rowen Carpio, for service rendered. Received P20,00 from Olive Oabel, a client for service rendered. Paid cash to Shell Super Service for gasoline purchase, P600 Paid cash to Tulungan manpower Service in payment for contractual secretarial services during the past two weeks P6,000 Bought office supplies on account P2,800 Paid telephone bills P1,000 Sabio withdrew cash for personal use P11,000 Donated cash to the Phil. National Red Cross, P1,000 Received P20,000 from Vivian De Guzman, a client for services rendered. Paid electric bill, P750 Made partial payment on supplies purchased on account, P1,000.
Transcribed Image Text:Journalize each transaction Maurice Sabio is a financial planning consultant. She completed the following transactions during the month of December of the current year: Dec 1 3 20 21 17 24 27 14 28 29 4 7 12 Sabio invested cash in the business, P200,000 Paid December office rent, P10,000 Received P25,000 from a client, Rowen Carpio, for service rendered. Received P20,00 from Olive Oabel, a client for service rendered. Paid cash to Shell Super Service for gasoline purchase, P600 Paid cash to Tulungan manpower Service in payment for contractual secretarial services during the past two weeks P6,000 Bought office supplies on account P2,800 Paid telephone bills P1,000 Sabio withdrew cash for personal use P11,000 Donated cash to the Phil. National Red Cross, P1,000 Received P20,000 from Vivian De Guzman, a client for services rendered. Paid electric bill, P750 Made partial payment on supplies purchased on account, P1,000.
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