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3. Mr. A opened a management consulting firm called Alpha Consulting on October 1, 20x1. The following were the transactions during the first week of
3. Mr. A opened a management consulting firm called "Alpha Consulting" on October 1, 20x1. The following were the transactions during the first week of operations: Oct. Transactions 1 Provided P300,000 cash as initial investment to the business. 2 Acquired furniture and fixture for P200,000 cash. 4 Purchased supplies for P30,000 cash. 5 Rendered services worth P20,000 on cash basis. 7 Paid P10,000 salaries of employees. Requirements: a. Provide the journal entries. b. Post the entries to the ledger (use T-accounts). Prepare the unadjusted trial balance on October 7, 20x1. C
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