Requirement: Provide the correct Journal Entries: The following are transactions of Sparta Company for the month of May May 3 Sparta Company deposited P225,000 in the checking account with Silver Bank. 5 Bought Merchandise from Troy Trading Issued Check No. 0901 in the amount of P56,250. 7 Sparta Company deposited P168,750 in the checking account. 8 Deposited P146,250 in the checking account 9 Bought merchandise from various suppliers and issued the following checks: Payee Check No. Amount Zeus Co. 0902 P 94,500 Sphinx Trading 0903 208,125 15 Purchased merchandise from various suppliers and issued the following checks: Payee Check No. Amount Chronos Co. 0904 P72,000 Eros Co. 0905 29,250 29 Issued Check No. 0906 to Pontus Merchandising, P37,125 31 Deposited P54,000 in the checking account
Requirement: Provide the correct
The following are transactions of Sparta Company for the month of May
May 3 Sparta Company deposited P225,000 in the checking account with Silver Bank.
5 Bought Merchandise from Troy Trading Issued Check No. 0901 in the amount of P56,250.
7 Sparta Company deposited P168,750 in the checking account.
8 Deposited P146,250 in the checking account
9 Bought merchandise from various suppliers and issued the following checks:
Payee Check No. Amount
Zeus Co. 0902 P 94,500
Sphinx Trading 0903 208,125
15 Purchased merchandise from various suppliers and issued the following checks:
Payee Check No. Amount
Chronos Co. 0904 P72,000
Eros Co. 0905 29,250
29 Issued Check No. 0906 to Pontus Merchandising, P37,125
31 Deposited P54,000 in the checking account
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