Journalized the following transactions. 1. Received a lot worth Php 300,000.00 from Mr. Mat. Tiaga as his initial investment in a Photo Shop. 2. Paid the license fee of Php 2,000.00 to the municipal treasurer. 3. Bought 3 units of camera for Php 25,000.00 each from SM payable in 3 months 4. Photo services was rendered to cash customers Php 15,500.00 5. Paid the utilities for the month -Php 5,000.00 6. Billed a customer Mr. Santos for Php 20,000.00 7. Signed a contract to St, Thomas Academy with a monthly payment of Php 3,000.00 for one year for Photo services 8. Paid SM Marketing for Php 60,000.00 only and issued a 30-day promissory note for the balance 9. Collected the payment of Mr. Santos 10. Received the first month fee from General Hospital

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalized the following transactions. 1. Received a lot worth Php 300,000.00 from Mr. Mat. Tiaga as his initial investment in a Photo Shop. 2. Paid the license fee of Php 2,000.00 to the municipal treasurer. 3. Bought 3 units of camera for Php 25,000.00 each from SM payable in 3 months 4. Photo services was rendered to cash customers Php 15,500.00 5. Paid the utilities for the month -Php 5,000.00 6. Billed a customer Mr. Santos for Php 20,000.00 7. Signed a contract to St, Thomas Academy with a monthly payment of Php 3,000.00 for one year for Photo services 8. Paid SM Marketing for Php 60,000.00 only and issued a 30-day promissory note for the balance 9. Collected the payment of Mr. Santos 10. Received the first month fee from General Hospital
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