Module 4 I. Directions: Post the following transactions of Quana Trading to the General ledger and prepare subsidiary ledgers of various accounts for the month of September 201C. Sept. 02 Collected cash from PAU Merchandising Php 25,000 from previous month balance of Php 35,000. Sept. 03 Sept. 05 Purchase merchandise from BOI Trading Php 120,000 on account. Sales on account to Humpy Enterprise Php 35,654, delivery cost was charged amounting Php 500. Paid internet based on the bill received on Sept. 01 amounting Php 1,650. Partial payment was made on the purchase on account dated Sept. 03 amounting Php 50,000. Sept. 08 Sept. 10
Module 4 I. Directions: Post the following transactions of Quana Trading to the General ledger and prepare subsidiary ledgers of various accounts for the month of September 201C. Sept. 02 Collected cash from PAU Merchandising Php 25,000 from previous month balance of Php 35,000. Sept. 03 Sept. 05 Purchase merchandise from BOI Trading Php 120,000 on account. Sales on account to Humpy Enterprise Php 35,654, delivery cost was charged amounting Php 500. Paid internet based on the bill received on Sept. 01 amounting Php 1,650. Partial payment was made on the purchase on account dated Sept. 03 amounting Php 50,000. Sept. 08 Sept. 10
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Module 4
1.
Directions: Post the following transactions of Quana Trading to the General ledger and
prepare subsidiary ledgers of various accounts for the month of September 201C.
Sept. 02
Collected cash from PAU Merchandising Php 25,000 from previous month balance
of Php 35,000.
Sept. 03
Sept. 05
Purchase merchandise from BOI Trading Php 120,000 on account.
Sales on account to Humpy Enterprise Php 35,654, delivery cost was charged
amounting Php 500.
Paid internet based on the bill received on Sept. 01 amounting Php 1,650.
Partial payment was made on the purchase on account dated Sept. 03
amounting Php 50,000.
Sept. 08
Sept. 10
Rubrics
Category
Correctness
4
1-2
Computed
correctly
Well
Not computed
correctly
Many accounts
not included
One account not included
Did not compute
in computation
1 to 2 accounts not
Presentation
All accounts not
presented
presented
presented
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