July 1, 2020 – Deposited the amount of P50,000 from her savings to her business bank account. luly 2, 2020 - She rented an office space at P1,000 per month and paid 3 months rent in advance. luly 3, 2020 – Paid business permit and other taxes amounting to P4,200. luly 4, 2020 – She bought gardening supplies on credit from a hardware P5,500. luly 5, 2020- Bought for cash various seeds for plantingP500. luly 7, 2020 – Billed customers for services rendered to various customers P 10,500. luly 10, 2020- Make partial payment for the account on July 4 P3,000. luly 13, 2020- Received cash from customer for the services rendered P8,000. luly 14, 2020- Collected cash from July 7, account P9,000. luly 15, 2020- Paid the services of the gardeners for the 1st half of the month P3,500. luly 20, 2020- Received cash from customer for the services to be rendered in the future P6,000. luly 23, 2020- Paid the electric and water consumption of the office P2,200. luly 27, 2020- Paid charges for advertising the company P800. luly 31, 2020- Paid the services of the gardeners for the 2nd half of the month P3,500. luly 31, 2020- The owner withdrew cash for personal use P3,500.
July 1, 2020 – Deposited the amount of P50,000 from her savings to her business bank account. luly 2, 2020 - She rented an office space at P1,000 per month and paid 3 months rent in advance. luly 3, 2020 – Paid business permit and other taxes amounting to P4,200. luly 4, 2020 – She bought gardening supplies on credit from a hardware P5,500. luly 5, 2020- Bought for cash various seeds for plantingP500. luly 7, 2020 – Billed customers for services rendered to various customers P 10,500. luly 10, 2020- Make partial payment for the account on July 4 P3,000. luly 13, 2020- Received cash from customer for the services rendered P8,000. luly 14, 2020- Collected cash from July 7, account P9,000. luly 15, 2020- Paid the services of the gardeners for the 1st half of the month P3,500. luly 20, 2020- Received cash from customer for the services to be rendered in the future P6,000. luly 23, 2020- Paid the electric and water consumption of the office P2,200. luly 27, 2020- Paid charges for advertising the company P800. luly 31, 2020- Paid the services of the gardeners for the 2nd half of the month P3,500. luly 31, 2020- The owner withdrew cash for personal use P3,500.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Help me journalize this. Thank you
Transcribed Image Text:July 1, 2020 - Deposited the amount of P50,000 from her savings to her business bank account.
luly 2, 2020 - She rented an office space at P1,000 per month and paid 3 months rent in advance.
luly 3, 2020 – Paid business permit and other taxes amounting to P4,200.
luly 4, 2020 – She bought gardening supplies on credit from a hardware P5,500.
luly 5, 2020 Bought for cash various seeds for plantingP500.
luly 7, 2020 – Billed customers for services rendered to various customers P 10,500.
luly 10, 2020- Make partial payment for the account on July 4 P3,000.
luly 13, 2020- Received cash from customer for the services rendered P8,000.
luly 14, 2020- Collected cash from July 7, account P9,000.
luly 15, 2020- Paid the services of the gardeners for the 1s* half of the month P3,500.
luly 20, 2020- Received cash from customer for the services to be rendered in the future P6,000.
luly 23, 2020- Paid the electric and water consumption of the office P2,200.
luly 27, 2020- Paid charges for advertising the company P800.
luly 31, 2020- Paid the services of the gardeners for the 2nd half of the month P3,500.
luly 31, 2020- The owner withdrew cash for personal use P3,500.
ww
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education