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Journalizing

Journalizing

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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Journalizing

*l l 9:35 D E May 2 personal savings account to a checking Transferred P92, 500 cash from a асcount, Gracе Нeart, CPA. 3 Acquired office equipment on account from Gicain Furniture, P36, 800. Acquired office supplies on account from Lorenzo Office Supply 4 Company, P17, 100. 6. Performed accounting services for Cayaco Computer Company and submitted a bill of P29, 200 for those services. Paid for accounting and tax books for use in the practice, P19, 500. Paid Lorenzo Office Supply 7 Company, P4, 100 on account. 10 Acquired a condominium unit for the accounting practice, P265, 000. A down payment of Р38, 000 was made and issued a note payable for the remaining P227, 000. 12 Paid salaries, P14, 200. 13 Received P9, 750 from Cayaco Computer Company, billed on May 6. Paid telephone expense, P650 16 19 Received cash in the amount of P14, 600 from Ponferada Book Company for accounting services rendered for the month. 22 Acquired office supplies on account from Lorenzo Office Supply Company, P4, 650. Q 2
Transcribed Image Text:*l l 9:35 D E May 2 personal savings account to a checking Transferred P92, 500 cash from a асcount, Gracе Нeart, CPA. 3 Acquired office equipment on account from Gicain Furniture, P36, 800. Acquired office supplies on account from Lorenzo Office Supply 4 Company, P17, 100. 6. Performed accounting services for Cayaco Computer Company and submitted a bill of P29, 200 for those services. Paid for accounting and tax books for use in the practice, P19, 500. Paid Lorenzo Office Supply 7 Company, P4, 100 on account. 10 Acquired a condominium unit for the accounting practice, P265, 000. A down payment of Р38, 000 was made and issued a note payable for the remaining P227, 000. 12 Paid salaries, P14, 200. 13 Received P9, 750 from Cayaco Computer Company, billed on May 6. Paid telephone expense, P650 16 19 Received cash in the amount of P14, 600 from Ponferada Book Company for accounting services rendered for the month. 22 Acquired office supplies on account from Lorenzo Office Supply Company, P4, 650. Q 2
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