PLEASE SKIP IF YOU ALREADY ANSWERED. I WILL UPVOTE Problem 5Open the following T-accounts: Cash; Accounts Receivable; Office Supplies; Office Furniture; AccountsPayable; Gobyerno, Withdrawals; Service Revenue; Salary Expense; Rent Expense.Record the following transactions directly in the T-accounts without using a journal. Use the letters toidentify the transactions.a Gobyerno opened an accounting firm by investing P72,000 cash and office furniture valued at P54,000.b. Paid monthly rent of P15,000.c. Purchased office supplies on account, P8,000,d. Paid employee salary, P18,000.e. Paid P4,000 of the account payable created in Transaction (c).f. Performed accounting service on account, P17,000.G. Withdrew P20,000 for personal use.

All Accounting transaction are first recorded in journal and thereafter posted into the ledger…

Problem 5 Open the following T-accounts: Cash; Accounts Receivable; Office Supplies; Office Furniture; Accounts Payable; Gobyerno, Withdrawals; Service Revenue; Salary Expense; Rent Expense. Record the following transactions directly in the T-accounts without using a journal. Use the letters to dentify the transactions. Gobyerno opened an accounting firm by investing P72,000 cash and office furniture valued at P54,000. . Paid monthly rent of P15,000. . Purchased office supplies on account, P8,000, 1. Paid employee salary, P18,000.

Problem 5 Open the following T-accounts: Cash; Accounts Receivable; Office Supplies; Office Furniture; Accounts Payable; Gobyerno, Withdrawals; Service Revenue; Salary Expense; Rent Expense. Record the following transactions directly in the T-accounts without using a journal. Use the letters to dentify the transactions. Gobyerno opened an accounting firm by investing P72,000 cash and office furniture valued at P54,000. . Paid monthly rent of P15,000. . Purchased office supplies on account, P8,000, 1. Paid employee salary, P18,000.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section10.3: Accounting For Cash And Credit Card Sales

Problem 1WT

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