JOURNALIZING TO T - ACCOUNT

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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JOURNALIZING TO T - ACCOUNT
DA E
DESCRIPTION
FOLIO
CREDIT
DEBIT
150,000
FEB 1
INVESTMENTS
PHP150,000
CASH
ACCOUNT RECEIVABLE- GOLD
SERVICE REVENUE
FEB 4
2.
PHP65 000
PHP65,000
FEB 6
PHP5,000
PREPAID RENT
CASH
OFFICE SUPPLIES
CASH
SALARIES EXPENSES
CASH
CASH
SERVICE REVENUE
ACCOUNT RECEIVABLE
SERVICE REVENUE
OWNER'S DRAWING
CASH
OWNERS DRAWING
CASH
SALARIES EXPENSES
CASH
CASH
ACCOUNT RECEIVABLE
4
PHP5,000
FEB 10
4
PHP1,500
PHP1,500
FEB 15
PHP15,000
PHP15,000
FEB 18
PHP10,000,
PHP10,000
FEB 20
PHP40,000
PHP40 000
FEB 25
8.
PHP65 000
PHP65,000
FEB 28
6.
PHP500
PHP500
FEB 28
10
PHP15,000
PHP15.000
FEB 28
11
PHP2,500
PHP2,500
PHP2,300
12 ELECTRIC BILL
CASH
FEB 28
PHP2,300
Transcribed Image Text:DA E DESCRIPTION FOLIO CREDIT DEBIT 150,000 FEB 1 INVESTMENTS PHP150,000 CASH ACCOUNT RECEIVABLE- GOLD SERVICE REVENUE FEB 4 2. PHP65 000 PHP65,000 FEB 6 PHP5,000 PREPAID RENT CASH OFFICE SUPPLIES CASH SALARIES EXPENSES CASH CASH SERVICE REVENUE ACCOUNT RECEIVABLE SERVICE REVENUE OWNER'S DRAWING CASH OWNERS DRAWING CASH SALARIES EXPENSES CASH CASH ACCOUNT RECEIVABLE 4 PHP5,000 FEB 10 4 PHP1,500 PHP1,500 FEB 15 PHP15,000 PHP15,000 FEB 18 PHP10,000, PHP10,000 FEB 20 PHP40,000 PHP40 000 FEB 25 8. PHP65 000 PHP65,000 FEB 28 6. PHP500 PHP500 FEB 28 10 PHP15,000 PHP15.000 FEB 28 11 PHP2,500 PHP2,500 PHP2,300 12 ELECTRIC BILL CASH FEB 28 PHP2,300
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