Please do Journaling Ledger Posting Create a trial balance for the following transactions. July 1. Owner invested $ 500,000 cash along with computer equipment that had a market value of $. 120,000 two years ago but was now worth $. 100,000 only. July 2. Paid $. 15,000 cash for the rent of office space for the month. July 4. Purchased $. 12,000 of additional equipment on credit (due within 30 days). July 8. Completed awork for a client and immediately collected the $. 32,000 cash. July 10. Completed work for a client and sent a bill for $. 27,000 to be paid within 30 days. July 12. Purchased additional equipment for $. 8,000 in cash. July 15. Paid an assistant $. 6,200 cash as wages for 15 days. July 18. Collected $. 15,000 on the amount owed by the client. July 25. Paid $. 12,000 cash to settle the liability on the equipment purchased. July 28. Owner withdrew $. 500 cash for personal use. July 30. Completed work for another client who paid only $. 40,000 for 50% of the system design. July 31. Paid salary of assistant $. 700. July 31. Received PLDT bill, $. 1,800 and Meralco bill $. 3,800.
Please do
- Journaling
Ledger Posting - Create a
trial balance for the following transactions.
July 1. Owner invested $ 500,000 cash along with computer equipment that had a market
value of $. 120,000 two years ago but was now worth $. 100,000 only.
July 2. Paid $. 15,000 cash for the rent of office space for the month.
July 4. Purchased $. 12,000 of additional equipment on credit (due within 30 days).
July 8. Completed awork for a client and immediately collected the $. 32,000 cash.
July 10. Completed work for a client and sent a bill for $. 27,000 to be paid within 30 days.
July 12. Purchased additional equipment for $. 8,000 in cash.
July 15. Paid an assistant $. 6,200 cash as wages for 15 days.
July 18. Collected $. 15,000 on the amount owed by the client.
July 25. Paid $. 12,000 cash to settle the liability on the equipment purchased.
July 28. Owner withdrew $. 500 cash for personal use.
July 30. Completed work for another client who paid only $. 40,000 for 50% of the system design.
July 31. Paid salary of assistant $. 700.
July 31. Received PLDT bill, $. 1,800 and Meralco bill $. 3,800.
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