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pr3pare the journal entries

pr3pare the journal entries

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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pr3pare the journal entries
who promised to pay her P6,000 after thirty days. 22 Purchased paper for the fax machine and paid cash, P1,500. 25 Purchased furniture and fixtures on credit, P8,000. 28 Paid one half of the account owing to Camera Work and issued a note promising to pay the balance within 30 days. TODO
Transcribed Image Text:who promised to pay her P6,000 after thirty days. 22 Purchased paper for the fax machine and paid cash, P1,500. 25 Purchased furniture and fixtures on credit, P8,000. 28 Paid one half of the account owing to Camera Work and issued a note promising to pay the balance within 30 days. TODO
58 15. Cely Kalaw started a new business in advertising called the Straight and True Advertising. The following are the transactions which you are required to summarize using the Copyclear format. Extract the balances only after the last transaction. Include money columns for Cash, Art Supplies, Office Supplies, Equipment, Furniture and Fixtures, Accounts Payable, Notes Payable and Kalaw, Capital. Feb 5 She transferred half of her P300,000 savings to the account of the business. 09 Purchased art supplies and paid P15,000 in cash. 16 Purchased photo equipment at a cost of P105,000 from Camera Work. She paid one third and promised to pay another one third at the end of the month. 20 A friend, Lisa, bought a fax machine a year ago for P10,000. She sold this to Cely
Transcribed Image Text:58 15. Cely Kalaw started a new business in advertising called the Straight and True Advertising. The following are the transactions which you are required to summarize using the Copyclear format. Extract the balances only after the last transaction. Include money columns for Cash, Art Supplies, Office Supplies, Equipment, Furniture and Fixtures, Accounts Payable, Notes Payable and Kalaw, Capital. Feb 5 She transferred half of her P300,000 savings to the account of the business. 09 Purchased art supplies and paid P15,000 in cash. 16 Purchased photo equipment at a cost of P105,000 from Camera Work. She paid one third and promised to pay another one third at the end of the month. 20 A friend, Lisa, bought a fax machine a year ago for P10,000. She sold this to Cely
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