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Journalize the following transactions using a General Journal below: March Mrs. Lanie Mercado invested P150,000 cash on her business "Mercado All Around Services" 3 Rendered Service to a client on account, P4,000. 4 Bought computer on account from Emcor, P40,000 10 Mrs. Mercado withdrew cash of P5,000. 12 Paid office rental for the month, P1,000. 15 Mrs. Mercado made a partial payment of her account at Emcor, P3,000. 16 Mrs. Mercado invested office table worth P10,000. 19 Mrs. Mercado has made partial collection of a client's account. P2,000. 20 Borrowed money from Metrobank and issued a note, P10,000 Mrs. Mercado made a partial payment of her account at Emcor, P2,000 21 22 Paid taxes and licenses and other assessments, P1,000. 25 Received cash for services rendered, P3,000 28 Bought office supplies at CS Trading on account, P5,000. Made a partial payment of P1,000 to CS trading 30 30 Paid Metrobank for borrowed money.

Journalize the following transactions using a General Journal below: March Mrs. Lanie Mercado invested P150,000 cash on her business "Mercado All Around Services" 3 Rendered Service to a client on account, P4,000. 4 Bought computer on account from Emcor, P40,000 10 Mrs. Mercado withdrew cash of P5,000. 12 Paid office rental for the month, P1,000. 15 Mrs. Mercado made a partial payment of her account at Emcor, P3,000. 16 Mrs. Mercado invested office table worth P10,000. 19 Mrs. Mercado has made partial collection of a client's account. P2,000. 20 Borrowed money from Metrobank and issued a note, P10,000 Mrs. Mercado made a partial payment of her account at Emcor, P2,000 21 22 Paid taxes and licenses and other assessments, P1,000. 25 Received cash for services rendered, P3,000 28 Bought office supplies at CS Trading on account, P5,000. Made a partial payment of P1,000 to CS trading 30 30 Paid Metrobank for borrowed money.

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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I. Journalize the following transactions using a General Journal below: March 1 Mrs. Lanie Mercado invested P150,000 cash on her business "Mercado All Around Services" 3 Rendered Service to a client on account, P4,000. 4 Bought computer on account from Emcor, P40,000 10 Mrs. Mercado withdrew cash of P5,000. 12 Paid office rental for the month, P1,000. 15 Mrs. Mercado made a partial payment of her account at Emcor, P3,000. 16 Mrs. Mercado invested office table worth P10,000. 19 Mrs. Mercado has made partial collection of a client's account. P2,000. 20 Borrowed money from Metrobank and issued a note, P10,000 21 Mrs. Mercado made a partial payment of her account at Emcor, P2,000 22 Paid taxes and licenses and other assessments, P1,000. 25 Received cash for services rendered, P3,000 28 Bought office supplies at CS Trading on account, P5,000. 30 Made a partial payment of P1,000 to CS trading 30 Paid Metrobank for borrowed money.
Transcribed Image Text:I. Journalize the following transactions using a General Journal below: March 1 Mrs. Lanie Mercado invested P150,000 cash on her business "Mercado All Around Services" 3 Rendered Service to a client on account, P4,000. 4 Bought computer on account from Emcor, P40,000 10 Mrs. Mercado withdrew cash of P5,000. 12 Paid office rental for the month, P1,000. 15 Mrs. Mercado made a partial payment of her account at Emcor, P3,000. 16 Mrs. Mercado invested office table worth P10,000. 19 Mrs. Mercado has made partial collection of a client's account. P2,000. 20 Borrowed money from Metrobank and issued a note, P10,000 21 Mrs. Mercado made a partial payment of her account at Emcor, P2,000 22 Paid taxes and licenses and other assessments, P1,000. 25 Received cash for services rendered, P3,000 28 Bought office supplies at CS Trading on account, P5,000. 30 Made a partial payment of P1,000 to CS trading 30 Paid Metrobank for borrowed money.
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