Journalize the following selected transactions of ABBA Services for the month of February 2013. Feb. 1 ABBA made an additional investment of PhP150,000 cash Feb. 4 Feb. 6 Rendered services on account to Edna, customer, amounting to PhP65,000, terms of 10% down and the balance at the end of the month Paid the rental for the month - PhP5,000 Feb. 10 Purchased office supplies from National Bookstore with cash amounting to PhP1,500 Feb. 15 Feb. 18 Paid the salary of employees - PhP15,000 Rendered services for cash-PhP10,000 Feb. 20 Feb. 25 Rendered services on account - PhP40,000 Collected the balance from Edna in Feb. 4 transaction Feb. 28 Feb. 28 Withdrew PhP500 for personal use Paid the salary of employees-PhP15,000 Partial collection from Feb. 20 transaction - PhP25,000 Paid the electric bill for the month - Php2,300
Journalize the following selected transactions of ABBA Services for the month of February 2013. Feb. 1 ABBA made an additional investment of PhP150,000 cash Feb. 4 Feb. 6 Rendered services on account to Edna, customer, amounting to PhP65,000, terms of 10% down and the balance at the end of the month Paid the rental for the month - PhP5,000 Feb. 10 Purchased office supplies from National Bookstore with cash amounting to PhP1,500 Feb. 15 Feb. 18 Paid the salary of employees - PhP15,000 Rendered services for cash-PhP10,000 Feb. 20 Feb. 25 Rendered services on account - PhP40,000 Collected the balance from Edna in Feb. 4 transaction Feb. 28 Feb. 28 Withdrew PhP500 for personal use Paid the salary of employees-PhP15,000 Partial collection from Feb. 20 transaction - PhP25,000 Paid the electric bill for the month - Php2,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Journalize the following selected transactions of ABBA Services for the month of February 2013.
Feb. 1
ABBA made an additional investment of PhP150,000 cash
Feb. 4
Feb. 6
Rendered services on account to Edna, customer, amounting to PhP65,000, terms of 10% down and the balance at the end of the month
Paid the rental for the month - PhP5,000
Feb. 10
Purchased office supplies from National Bookstore with cash amounting to PhP1,500
Feb. 15
Feb. 18
Paid the salary of employees - PhP15,000 Rendered services for cash-PhP10,000
Feb. 20
Feb. 25
Rendered services on account - PhP40,000
Collected the balance from Edna in Feb. 4 transaction
Feb. 28
Feb. 28
Withdrew PhP500 for personal use
Paid the salary of employees-PhP15,000 Partial collection from Feb. 20 transaction - PhP25,000
Paid the electric bill for the month - Php2,300
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