OFFICE OF OFFICE OF CAM ASSIGNMENT The folowing are the transactons of Clam Rado dectranics repair shop for the morth af a Clara Rado nvested the tollowing in hernewly opened electronic repair shop P 50,000 30,000 Equipment b Purchased office supplies worth P 4.000 in cash. C. Paid rent for the shop space, P 4,000. a Purchased equipment, P 20,000 with 50% down payment and the balance on account. a Rerdered service to clent, cash P70,000. t Paid the salary of shop assistant, P 7,000. 9 Rendered nervicos to dinnta worth P 30,000 canh and P S5,000 wih promissory notes. h Collected P30.000 of the account receivables. i Seted the accounts payable trom the purch quipment on transacton letter D. + Paid electric bil of P 2.000: water bill P 500, and tlephone bill P 500.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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MENT OF EDU
ASSIGNMENTOFFICL OF CAM
26
The folowing are the transactons of Clam Rado dectranics repair shop for the month af
December 2019.
Clara Rado nvested the tollowing in hernewly opened electronic repiair shop
Cash
Equipment
P 50,000
30,000
b. Purchased oftice supplies worth P 4.000 in cash.
C. Pad rent for the shop space, P 4.000.
d. Purchased equipment, P 20,000 with 50% down payment and the balance on account.
e. Rendered service to cient, cash P 70,000.
t Paid the salary of shop assistant, P 7,000.
9 Rendered nervices to dinnta worth P 30,000 canh andP S5,000
promissory notes,
h Collected P30.000 of the account receivables.
i Suted the acounts payable
CATTON
hase d equpment on transaction letter D.
+ Paid electric bil f P 2.000: water bill P 500, and kelephone billP 500.
Required:
1. Using the yelow pad paper, record the appropriate joumal entries.
2 Post the transactions to general ledger using the T-account
27
3. Prepare the Trial Balance, tor the month of September.
CAMARNES SUA
Transcribed Image Text:MENT OF EDU ASSIGNMENTOFFICL OF CAM 26 The folowing are the transactons of Clam Rado dectranics repair shop for the month af December 2019. Clara Rado nvested the tollowing in hernewly opened electronic repiair shop Cash Equipment P 50,000 30,000 b. Purchased oftice supplies worth P 4.000 in cash. C. Pad rent for the shop space, P 4.000. d. Purchased equipment, P 20,000 with 50% down payment and the balance on account. e. Rendered service to cient, cash P 70,000. t Paid the salary of shop assistant, P 7,000. 9 Rendered nervices to dinnta worth P 30,000 canh andP S5,000 promissory notes, h Collected P30.000 of the account receivables. i Suted the acounts payable CATTON hase d equpment on transaction letter D. + Paid electric bil f P 2.000: water bill P 500, and kelephone billP 500. Required: 1. Using the yelow pad paper, record the appropriate joumal entries. 2 Post the transactions to general ledger using the T-account 27 3. Prepare the Trial Balance, tor the month of September. CAMARNES SUA
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