Prepare all the required Journal entries? 25 Paid utilities expense, P1,750. 26 Paid P20,000 on the bank loan. 27 Received cash from Ms. Ferrer, P10,000. 28 Paid salary of worker, P5,000 29 Paid Delta a portion of the amount owed for equipment, P5,000.

Prepare all the required Journal entries? 25 Paid utilities expense, P1,750. 26 Paid P20,000 on the bank loan. 27 Received cash from Ms. Ferrer, P10,000. 28 Paid salary of worker, P5,000 29 Paid Delta a portion of the amount owed for equipment, P5,000.

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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Question

Prepare all the required Journal entries?
25 Paid utilities expense, P1,750.
26 Paid P20,000 on the bank loan.
27 Received cash from Ms. Ferrer, P10,000.
28 Paid salary of worker, P5,000
29 Paid Delta a portion of the amount owed for equipment, P5,000.
30 Withdrew cash for personal use, P3,500.

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