Transactions Journal Entry Paid rent of the space for the month amounting to P10,000 less: 5% withholding tax Purchased cleaning supplies on account P21,400 Paid partial for the account on transaction 2, P10,000 Paid first half salaries of workers P15,000; less: advances of employees P2,500 Paid second half salaries of workers P15,000; less: 1 2 3 4 5 SSS P1,500; PHIC P800; HDMF P500 and withholding tax P300 Billed customers for cleaning services rendered 6

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question

help me in a journal entry. please indicate the description below the entry

Transactions
Journal Entry
Paid rent of the space for the month amounting to
P10,000 less: 5% withholding tax
Purchased cleaning supplies on account P21,400
Paid partial for the account on transaction 2, P10,000
Paid first half salaries of workers P15,000; less:
advances of employees P2,500
Paid second half salaries of workers P15,000; less:
1
2
3
4
5
SSS P1,500; PHIC P800; HDMF P500 and
withholding tax P300
Billed customers for cleaning services rendered
6
Transcribed Image Text:Transactions Journal Entry Paid rent of the space for the month amounting to P10,000 less: 5% withholding tax Purchased cleaning supplies on account P21,400 Paid partial for the account on transaction 2, P10,000 Paid first half salaries of workers P15,000; less: advances of employees P2,500 Paid second half salaries of workers P15,000; less: 1 2 3 4 5 SSS P1,500; PHIC P800; HDMF P500 and withholding tax P300 Billed customers for cleaning services rendered 6
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education