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Please show the Journal and Title Accounts of each event. The same with the 2nd pictu

Please show the Journal and Title Accounts of each event. The same with the 2nd pictu

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 show the Journal and Title Accounts of each event. The same with the 2nd picture
2.2 You are required to open the asset and liability and capital accounts and record the following transactions for June 2022 in the records of P.Bernard. 2022 June 1 Started business with PHP17,500 in cash. 2 Paid PHP9,400 of the opening cash into a bank account for the business. 5 Bought office furniture on credit from Dream Ltd for PHP2,100. 8 Bought a van paying by cheque PHP5,250. 12 Bought equipment from Pearce & Sons on credit PHP2,300. 18 Returned faulty office furniture costing PHP260 to Dream Ltd. 25 Sold some of the equipment PHP200 cash. 26 Paid amount owing to Dream Ltd PHP1,840 by cheque. 28 Took PHP130 out of the bank and added to cash. 30 F. Brown lent us PHP4,000-giving us the money by cheque.
Transcribed Image Text:2.2 You are required to open the asset and liability and capital accounts and record the following transactions for June 2022 in the records of P.Bernard. 2022 June 1 Started business with PHP17,500 in cash. 2 Paid PHP9,400 of the opening cash into a bank account for the business. 5 Bought office furniture on credit from Dream Ltd for PHP2,100. 8 Bought a van paying by cheque PHP5,250. 12 Bought equipment from Pearce & Sons on credit PHP2,300. 18 Returned faulty office furniture costing PHP260 to Dream Ltd. 25 Sold some of the equipment PHP200 cash. 26 Paid amount owing to Dream Ltd PHP1,840 by cheque. 28 Took PHP130 out of the bank and added to cash. 30 F. Brown lent us PHP4,000-giving us the money by cheque.
ACCOUNTS TITLE (3) kent expense. CASH. Supplies /CASE B 20,000 Ⓒinage 7.200 CAPITAL EQUIPMENTyle 7:200 Recounts Payable P34,400 CASH utility Deposit.. merater deposit CASH SERVICE REVENUE SALARIES EXPENSE ✓CASH ACCOUTS RECEIVABLE SERVICE KEVENUE SUPPLIES 5,000 10.000 500 800 1.200 10,050 1,100 2.000 1.500 32,200 Total Balance 2,200 200000 1- Accounts 20,000 500 15,000 10,000 rignage 30,000 8,000 Pre Rent 50,00 15,000 20,000 65,000 10,000 Service Revenue 71200 7.200 7.200 = 21.600 CREDIT 200,000 101050 10, 090 20,000 15,000 Equipment 3,000 supplies = 20, 100 10,000 30,000 11200 8,000 680 65,000 10, 000 Utilities Expence 860 1.100 = 1,900 ralavier Expence
Transcribed Image Text:ACCOUNTS TITLE (3) kent expense. CASH. Supplies /CASE B 20,000 Ⓒinage 7.200 CAPITAL EQUIPMENTyle 7:200 Recounts Payable P34,400 CASH utility Deposit.. merater deposit CASH SERVICE REVENUE SALARIES EXPENSE ✓CASH ACCOUTS RECEIVABLE SERVICE KEVENUE SUPPLIES 5,000 10.000 500 800 1.200 10,050 1,100 2.000 1.500 32,200 Total Balance 2,200 200000 1- Accounts 20,000 500 15,000 10,000 rignage 30,000 8,000 Pre Rent 50,00 15,000 20,000 65,000 10,000 Service Revenue 71200 7.200 7.200 = 21.600 CREDIT 200,000 101050 10, 090 20,000 15,000 Equipment 3,000 supplies = 20, 100 10,000 30,000 11200 8,000 680 65,000 10, 000 Utilities Expence 860 1.100 = 1,900 ralavier Expence
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