Prepare the journal entries for the August transactions using General Journal page 22 and 23 Open the following accounts in the ledger: Cash (111), P102,000; Accounts Receivable (113), P55,000.00; Supplies (115), P6,100; Office Equipment (141), P42,000; Accounts Payable (211), P26,000; Feliciano, Capital (311), P179,100; Feliciano, Withdrawals (312); Public Relations Revenues (411); Salaries Expense (511); Rent Expense (521); Utilities Expense (513); and Advertising Expense (514). Post entries to the ledger accounts. Make the appropriate posting references in the journal and ledger. Prepare a trial balance. 1. 2. 3. 4.
Prepare the journal entries for the August transactions using General Journal page 22 and 23 Open the following accounts in the ledger: Cash (111), P102,000; Accounts Receivable (113), P55,000.00; Supplies (115), P6,100; Office Equipment (141), P42,000; Accounts Payable (211), P26,000; Feliciano, Capital (311), P179,100; Feliciano, Withdrawals (312); Public Relations Revenues (411); Salaries Expense (511); Rent Expense (521); Utilities Expense (513); and Advertising Expense (514). Post entries to the ledger accounts. Make the appropriate posting references in the journal and ledger. Prepare a trial balance. 1. 2. 3. 4.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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