Provide journal entries. 12- Oct Owner, Ms. Solana Nieves Galvez invested 5,000,000 15- Oct Paid business license 60,000 18 - Oct Bought HR Furniture and Fixtures worth 1,000,000 19 - Oct Purchased Hotel supplies worth 600,000 20 - Oct Purchased Restaurant supplies worth 800,000 22 - Oct hired 20 employees giving every 15th of the month salaries for 12,500 25 - Oct receive 1,500,000 for Asia Summit Delagates service. 27 - Oct paid installment for the HnR worth 500,000 for two months 30 - Oct receive initial payment 500,000 for the wedding event worth 800,000 2 - Nov Electric and Water bill, PhP250.000 2 - Nov withdrew PhP80,000.00 for personal use. 6 - Nov paid salaries.
Provide journal entries. 12- Oct Owner, Ms. Solana Nieves Galvez invested 5,000,000 15- Oct Paid business license 60,000 18 - Oct Bought HR Furniture and Fixtures worth 1,000,000 19 - Oct Purchased Hotel supplies worth 600,000 20 - Oct Purchased Restaurant supplies worth 800,000 22 - Oct hired 20 employees giving every 15th of the month salaries for 12,500 25 - Oct receive 1,500,000 for Asia Summit Delagates service. 27 - Oct paid installment for the HnR worth 500,000 for two months 30 - Oct receive initial payment 500,000 for the wedding event worth 800,000 2 - Nov Electric and Water bill, PhP250.000 2 - Nov withdrew PhP80,000.00 for personal use. 6 - Nov paid salaries.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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12- Oct Owner, Ms. Solana Nieves Galvez invested 5,000,000
15- Oct Paid business license 60,000
18 - Oct Bought HR Furniture and Fixtures worth 1,000,000
19 - Oct Purchased Hotel supplies worth 600,000
20 - Oct Purchased Restaurant supplies
worth 800,000
22 - Oct hired 20 employees giving every 15th of the month salaries for 12,500
25 - Oct receive 1,500,000 for Asia Summit Delagates service.
27 - Oct paid installment for the HnR worth 500,000 for two months
30 - Oct receive initial payment
500,000 for the wedding event worth 800,000
2 - Nov Electric and Water bill, PhP250.000
2 - Nov withdrew PhP80,000.00 for personal use.
6 - Nov paid salaries.
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