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Copy Fast Services was opened by Jarenz on January 1, 2008 with a cash investment of P 10,000. Additional transactions for the month are as follows: Jan 245678 6 7 8 9 14 15 19 20 25 6456 33333 30 31 Required: 1. Journal 2. Ledger Jarenz invested three equipment worth P 18,000 Paid P 3,000 as deposit for rental Bought office supplies for cash, P 500 Received P 2,000 cash from various students for typing services rendered Rendered typing services on account, P 3,000 Bought office furniture from Nicfur, P 5,000. Paid 50% and promised to pay the balance within 30 days Paid Nicfur, P 1,000 Collection from account customers, P 2,000 Paid Salaries of Typist, P 1,500 Summary of cash received, P 2,000 and a promissory note for P 200 for typing service rendered Paid for telephone, light and water, P 800 Paid P 300 for repair of typewriters Payments for: Salaries, P 1,500; Rent, P 1,500 The owner made a cash withdrawal of P 500 3. Trial Balance 4. Statement of Income 5. Statement of Equity 6. Balancesheet Copy Fast Services was opened by Jarenz on January 1, 2008 with a cash investment of P 10,000. Additional transactions for the month are as follows: Jan 245678 6 7 8 9 14 15 19 20 25 6456 33333 30 31 Required: 1. Journal 2. Ledger Jarenz invested three equipment worth P 18,000 Paid P 3,000 as deposit for rental Bought office supplies for cash, P 500 Received P 2,000 cash from various students for typing services rendered Rendered typing services on account, P 3,000 Bought office furniture from Nicfur, P 5,000. Paid 50% and promised to pay the balance within 30 days Paid Nicfur, P 1,000 Collection from account customers, P 2,000 Paid Salaries of Typist, P 1,500 Summary of cash received, P 2,000 and a promissory note for P 200 for typing service rendered Paid for telephone, light and water, P 800 Paid P 300 for repair of typewriters Payments for: Salaries, P 1,500; Rent, P 1,500 The owner made a cash withdrawal of P 500 3. Trial Balance 4. Statement of Income 5. Statement of Equity 6. Balancesheet
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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