The following are the transactions of J. Lo, owner of "LABANGO", a laundry shop, for the month of June 2020. June 1-J. Lo invested cash P50,000 and Laundry Equipment worth P20,000. June 3-Purchase supplies on account from Pili Trading worth P15,000. June 5- Performed service to J. Credo and received P10,000. June 10- Paid utilities, P8,000 June 13- Billed customer, K. Lopez, for service performed worth P16,000. June 14-Withdraws P7,000 for personal use. June 17-Received payment form K. Lopez for service rendered last June 13. June 30- Paid employee salaries, P21,000. Prepare the following: 1. Chart of accounts AMA

The following are the transactions of J. Lo, owner of "LABANGO", a laundry shop, for the month of June 2020. June 1-J. Lo invested cash P50,000 and Laundry Equipment worth P20,000. June 3-Purchase supplies on account from Pili Trading worth P15,000. June 5- Performed service to J. Credo and received P10,000. June 10- Paid utilities, P8,000 June 13- Billed customer, K. Lopez, for service performed worth P16,000. June 14-Withdraws P7,000 for personal use. June 17-Received payment form K. Lopez for service rendered last June 13. June 30- Paid employee salaries, P21,000. Prepare the following: 1. Chart of accounts AMA

Name: ASSIGNMENTThe following are the transactions of J. Lo, owner of "LABA
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Description: ASSIGNMENTThe following are the transactions of J. Lo, owner of "LABANGO", a laundry shop, forthe month of June 2020.June 1- J. Lo invested cash P50,000 and Laundry Equipment worth P20,000.June 3- Purchase supplies on account from Pili Trading worth

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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