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1. Record the following transaction in the general journal 2. Post the entries in the general ledger Sample Transactions for Service Entity Accounting Cycle 2.

1. Record the following transaction in the general journal 2. Post the entries in the general ledger image text in transcribed

Sample Transactions for Service Entity Accounting Cycle 2. Laundry Equipment is expected to be used for 10 years with no salvage value 3. P2,000 was earned from the transaction with So Good Hotel 4. Accrued but unpaid salaries were P800 OMG Soap Rise Laundry Services has the following Chart of Accounts

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