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Please answer asap thank you!.  Prepare T accounts, General Journal, General Ledger, Unadjusted Trial balance

Please answer asap thank you!.  Prepare T accounts, General Journal, General Ledger, Unadjusted Trial balance

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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Please answer asap thank you!. 
Prepare T accounts, General Journal, General Ledger, Unadjusted Trial balance

Presented below are the transactions of Engr. Charlie Hahn for the month of August, 2019. DATE TRANSACTION AUGUST 3 Charlie invested P1,000,000.00 in a firm depositing cash in a bank account with the name Hahn Engineering Services. 5 Borrowed money from Metro Bank, signing a promissory note for P500,000. 6 Purchased tables and chairs for cash, P75,000, paying P25,000 and the rest on account. 7 Purchased office equipment – 3 computers and 2 printers, P60,000, from Octagon. 8 Paid rent for office space, P15,000. 12 Purchased additional tables and chairs on account from Balingit Furniture, P20,000. 13 Paid business licenses and taxes, P4,500. 14 Received cash for engineering services rendered, P95,000. 15 Paid employees' salaries, P32,000. 17 Sent a check to Balingit Furniture as payment for payables on tables and chairs bought. 19 Paid water and electric bills, P5,800. 21 Bought office supplies from Laser Marketing, P5,000 paying 50% and the balance on account. 23 Rendered engineering services to Converge on account, P38,700. 24 Withdrew cash for personal use, P8,000. 26 Collected P25,000 from Converge on a service previously rendered on account. 27 Paid P1,500 of the account with Laser Marketing. 29 Rendered services to ProLift Gym, P55,000. 30 Paid employees' salaries, P36,500. Complete the required steps of the Accounting Cycle given in the spreadsheet. 1 Add file
Transcribed Image Text:Presented below are the transactions of Engr. Charlie Hahn for the month of August, 2019. DATE TRANSACTION AUGUST 3 Charlie invested P1,000,000.00 in a firm depositing cash in a bank account with the name Hahn Engineering Services. 5 Borrowed money from Metro Bank, signing a promissory note for P500,000. 6 Purchased tables and chairs for cash, P75,000, paying P25,000 and the rest on account. 7 Purchased office equipment – 3 computers and 2 printers, P60,000, from Octagon. 8 Paid rent for office space, P15,000. 12 Purchased additional tables and chairs on account from Balingit Furniture, P20,000. 13 Paid business licenses and taxes, P4,500. 14 Received cash for engineering services rendered, P95,000. 15 Paid employees' salaries, P32,000. 17 Sent a check to Balingit Furniture as payment for payables on tables and chairs bought. 19 Paid water and electric bills, P5,800. 21 Bought office supplies from Laser Marketing, P5,000 paying 50% and the balance on account. 23 Rendered engineering services to Converge on account, P38,700. 24 Withdrew cash for personal use, P8,000. 26 Collected P25,000 from Converge on a service previously rendered on account. 27 Paid P1,500 of the account with Laser Marketing. 29 Rendered services to ProLift Gym, P55,000. 30 Paid employees' salaries, P36,500. Complete the required steps of the Accounting Cycle given in the spreadsheet. 1 Add file
E F H J M NO R ST V AA AB AC AD AE A AG AH Al AJ Fresented below ara the Chart aAccaunts for Ham Enineeving 6 A Sarup T-aoownrbasadon the gien transaotions. Sarvices B. Frepare the jomalentries from the T-acoounts andreher to the ChartofAooounts hor postingreferences. C Frepane the general ledger hor t 7 T-ACCOUNTS ASSETS LIABILITIES OWNER'S EQITY Hahn Engineering Services Chart of Accounts Hahn Engineering Services General Journal For the month of August, 2019 10 Debit Credit Debit Credit Debit Credit POST 110 Cash 120 AR from Converge 130 Supplies 140 Office Equipment 145 Accumulated Depreciation - Office Equipment 12 DATE PARTICULARS DEBIT CREDIT EEr 13 DATE ITENS DEBI 14 15 16 150 Furnitures 155 Accuroulated Depreciation - Furnitures 17 18 210 Notes Payable to Metro Bank 220 AP to Balingit Furniture 230 A/P to Laser Marketing 310 C. Hahn, Capital 320 C. Hahn, Drawings 19 Debit Credit Debit Credit 410 Service Revenue 510 Rent Expense 520 Taxes and Licenses Expense 530 Salaries Expenses 540 Utility Expense Debit Credit Debit Credit Debit Credit DATE ITENS DEB Debit Credit --... Debit Credit Debit Credit DATE ITEMS DEB 40 43 d4 45 46 Debit Credit 47 DATE ITENS DEB 48 Debit Credit 49 50 51 52 Sheet1 + 40%
Transcribed Image Text:E F H J M NO R ST V AA AB AC AD AE A AG AH Al AJ Fresented below ara the Chart aAccaunts for Ham Enineeving 6 A Sarup T-aoownrbasadon the gien transaotions. Sarvices B. Frepare the jomalentries from the T-acoounts andreher to the ChartofAooounts hor postingreferences. C Frepane the general ledger hor t 7 T-ACCOUNTS ASSETS LIABILITIES OWNER'S EQITY Hahn Engineering Services Chart of Accounts Hahn Engineering Services General Journal For the month of August, 2019 10 Debit Credit Debit Credit Debit Credit POST 110 Cash 120 AR from Converge 130 Supplies 140 Office Equipment 145 Accumulated Depreciation - Office Equipment 12 DATE PARTICULARS DEBIT CREDIT EEr 13 DATE ITENS DEBI 14 15 16 150 Furnitures 155 Accuroulated Depreciation - Furnitures 17 18 210 Notes Payable to Metro Bank 220 AP to Balingit Furniture 230 A/P to Laser Marketing 310 C. Hahn, Capital 320 C. Hahn, Drawings 19 Debit Credit Debit Credit 410 Service Revenue 510 Rent Expense 520 Taxes and Licenses Expense 530 Salaries Expenses 540 Utility Expense Debit Credit Debit Credit Debit Credit DATE ITENS DEB Debit Credit --... Debit Credit Debit Credit DATE ITEMS DEB 40 43 d4 45 46 Debit Credit 47 DATE ITENS DEB 48 Debit Credit 49 50 51 52 Sheet1 + 40%
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