general ledger P200,000. Timothy completed the following transactions for April:PDF Activity 4 - GJ, GL & TB.pdfBSAIS 1BOpen with6.Paid rent for the month, P8,000.7Purchased from Delta Co. office equipment, P55,000ACTIVIT8Purchased a used car for P180,000, paying P80,000 cash and taking a bank loan for theremainder.AssignedJAYCY FERNANDOPurchased supplies and materials for cash, P11,315.10dd or create100 points12Received cash from Miss Laura for job completed in her condo, P57,500. Supplies were used upamounting to P8,250.Purchased materials and supplies on credit, P15,000.k as done2023Recorded job completed for Ms. Ferrer. Term: on account 10 days, P14,950. Supplies were usedup amounting to P3,500.24Received an invoice for repairs on car and paid P4,500.mments2 Class comme25Paid utilities expense, P1,750.to JAYCY FERNANDOAdd a class comm26Paid P20,000 on the bank loan.27Received cash from Ms. Ferrer, P10,000.28Paid salary of worker, P5,00029Paid Delta a portion of the amount owed for equipment, P5,000.30Withdrew cash for personal use, P3,500.Required:Page1 |2a. Record each transaction in a journal. Refer to the following chart of accounts in selecting the accounts...

Journal entries:Recording of a business transactions in a chronological order. This is as per debit…

P200,000. Timothy completed the following transactions for April: Open with Paid rent for the month, P8,000. Purchased from Delta Co. office equipment, P55,000 Purchased a used car for P180,000, paying P80,000 cash and taking a bank loan for the remainder. Purchased supplies and materials for cash, P11,315. Received cash from Miss Laura for job completed in her condo, P57,500. Supplies were used up amounting to P8,250. Purchased materials and supplies on credit, P15,000. Recorded job completed for Ms. Ferrer. Term: on account 10 days, P14,950. Supplies were used up amounting to P3,500. Received an invoice for repairs on car and paid P4,500. Paid utilities expense, P1,750. Paid P20,000 on the bank loan. Received cash from Ms. Ferrer, P10,000. Paid salary of worker, P5,000 Paid Delta a portion of the amount owed for equipment, P5,000. Withdrew cash for personal use, P3,500. 6 7 8 10 12 20 23 24 25 26 27 28 29 30 Required: Page 1 / 2 Q + a. Record each transaction in a journal. Refer to the following chart of accounts in selecting the accounts

P200,000. Timothy completed the following transactions for April: Open with Paid rent for the month, P8,000. Purchased from Delta Co. office equipment, P55,000 Purchased a used car for P180,000, paying P80,000 cash and taking a bank loan for the remainder. Purchased supplies and materials for cash, P11,315. Received cash from Miss Laura for job completed in her condo, P57,500. Supplies were used up amounting to P8,250. Purchased materials and supplies on credit, P15,000. Recorded job completed for Ms. Ferrer. Term: on account 10 days, P14,950. Supplies were used up amounting to P3,500. Received an invoice for repairs on car and paid P4,500. Paid utilities expense, P1,750. Paid P20,000 on the bank loan. Received cash from Ms. Ferrer, P10,000. Paid salary of worker, P5,000 Paid Delta a portion of the amount owed for equipment, P5,000. Withdrew cash for personal use, P3,500. 6 7 8 10 12 20 23 24 25 26 27 28 29 30 Required: Page 1 / 2 Q + a. Record each transaction in a journal. Refer to the following chart of accounts in selecting the accounts

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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