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 recordthefollowing transactions for June 2022 in the records of P.Bernard.2022June 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/CASEB20,000Ⓒinage7.200CAPITALEQUIPMENTyle7:200Recounts PayableP34,400CASHutility Deposit..merater depositCASHSERVICE REVENUESALARIES EXPENSE✓CASHACCOUTS RECEIVABLESERVICE KEVENUESUPPLIES5,00010.0005008001.20010,0501,1002.0001.50032,200Total Balance 2,2002000001- Accounts20,00050015,00010,000rignage30,0008,000Pre Rent50,0015,00020,00065,00010,000Service Revenue712007.2007.200= 21.600CREDIT200,00010105010, 09020,00015,000Equipment3,000supplies= 20, 10010,00030,000112008,00068065,00010, 000Utilities Expence8601.100= 1,900ralavier Expence

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Description: 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 recordthefollowing transactions for June 2022 in the records of P.Bernard.2022June 1

Journal Entry - It is the Primary books in which transactions are recorded on double entry book…

Answered: Please show the Journal and Title…

Business

Accounting

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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 3PB: Hajun Company started its business on May 1, 2019. The following transactions occurred during the...

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Write up the asset, capital and liability accounts in the books of Kings Ltd to record the following transactions:2018 June 1 Started business with sh50,000 in the bank. “ 2 Bought motor van paying by cheque sh12,000. “ 5 Bought Fixtures sh4,000 on credit from Office Masters Ltd. “ 8 Bought a van on credit from Motor Cars Ltd sh 8,000. “ 12 Took sh1,000 out of the bank and put it into the cash till. “ 15 Bought Fixtures paying by cash sh 600 “ 19 Paid Motor Cars Ltd by cheque sh 8000 “ 21 A loan of sh 10,000 cash is received from J Marcus. “ 25 Paid sh8,000 of the cash in hand into the bank account. “ 30 Bought more Fixtures paying by cheque sh 3,000. Required:Record the above transactions on the ledger accounts in the books of Kings Ltd Generate a trial balance
Write up the asset, capital and liability accounts in the books of Kings Ltd to record the following transactions:2018 June 1 Started business with sh50,000 in the bank. “ 2 Bought motor van paying by cheque sh12,000. “ 5 Bought Fixtures sh4,000 on credit from Office Masters Ltd. “ 8 Bought a van on credit from Motor Cars Ltd sh 8,000. “ 12 Took sh1,000 out of the bank and put it into the cash till. “ 15 Bought Fixtures paying by cash sh 600 “ 19 Paid Motor Cars Ltd by cheque sh 8000 “ 21 A loan of sh 10,000 cash is received from J Marcus. “ 25 Paid sh8,000 of the cash in hand into the bank account. “ 30 Bought more Fixtures paying by cheque sh 3,000. Required:Record the above transactions on the ledger accounts in the books of Kings Ltd and also Generate a trial balance
Write up the asset, capital and liability accounts in the books of Kings Ltd to record the following transactions: 2018 June 1 Started business with sh50,000 in the bank. “ 2 Bought motor van paying by cheque sh12,000. “ 5 Bought Fixtures sh4,000 on credit from Office Masters Ltd. “ 8 Bought a van on credit from Motor Cars Ltd sh 8,000. “ 12 Took sh1,000 out of the bank and put it into the cash till. “ 15 Bought Fixtures paying by cash sh 600 “ 19 Paid Motor Cars Ltd by cheque sh 8000 “ 21 A loan of sh 10,000 cash is received from J Marcus. “ 25 Paid sh8,000 of the cash in hand into the bank account. “ 30 Bought more Fixtures paying by cheque sh 3,000. Required: 1.Record the above transactions on the ledger accounts in the books of Kings Ltd 2.Generate a trial balnce
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A. Instructions: Create the T-accounts of the following set of transactions. 1. Mrs. Bautista started a business of her own with a cash investment of Php 500,000.00 2. The business bought merchandise worth Php 40,000.00 in cash 3. She paid the rent of Php 10,000.00 for the month. 4. She purchased merchandise worth Php 50,000.00 on account 5. She withdrew Php 25,000.00 in cash for personal use
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