FOR MIDTERM: COMPUTE FOR THE GENERAL JOURNAL AND GENERAL LEDGER PROBLEM: SOLVE Using the above accounting forms. ALL TRANSACTION ARE IN THE MONTH OF MARCH 1 Mr. Gabriel & Ms. Zamora invested P1 500,000 each to a newly formed business, Bountiful Catering Services 2 Bought different kitchen equipment, P650,000 on credit from 5 Dragon Machines, furniture P330,000 on credit from Adessa and assorted ingredients P300,000 cash and other products for resale from SMC P95.000 on credit 7 Serve the wedding reception of Mr. Pascua & Ms Santos for P145,000. P100,000 was paid in cash and the balance payable on credit 8 Deposited P2,000,000 to AUB 3 10 Bought catering equipment, P 150.000 from AUB account 14 Ms. Zamora withdrawed P50,000 from her investment 16 Initially paid P500,000 to 5 Dragons & P200,000 to Adessa from the AUB account 20 Served the christening of Baby Jam of Mr. & Mrs. Hamilton, P85,000 22 Received payment from Mr. Pascua & Ms. Santos, P45,000 GJ - GRAND TOTAL 24 Served the birthday party of Mr. Sy. P165,000 cash GL - GRAND TOTAL 8,000,000.00 26 Mr.Gabriel increased his investment, P250,000 TB - GRAND TOTAL 31 Paid the March salary, P35,000 TB - BALANCES 3.970,000.00 A/P-5 Dragon Machines A/P - Adessa Furniture and Fixtures A/P - SMC Merchandise Inventory Accounts Receivable (Mr. Hamilton) Mr. Gabrial, capital Accounts Receivable (Mr. Pascua) Ms. Zamora, capital Cash in Bank - AUB Raw Materials Cash on Hand Salary Expenses Equipment Service Income No. of Debit Debit Credit Entries - No. of Credit Entries 2 1 2 7 1 1 1 1 4 1 4 2 1 1 20 22 24 26 31 1 1 8 1 1 1 1 10 1 1 14 16 1 1 2 1 1 FOR MIDTERM: COMPUTE FOR THE GENERAL JOURNAL AND GENERAL LEDGER PROBLEM: SOLVE Using the above accounting forms. ALL TRANSACTION ARE IN THE MONTH OF MARCH 1 Mr. Gabriel & Ms. Zamora invested P1 500,000 each to a newly formed business, Bountiful Catering Services 2 Bought different kitchen equipment, P650,000 on credit from 5 Dragon Machines, furniture P330,000 on credit from Adessa and assorted ingredients P300,000 cash and other products for resale from SMC P95.000 on credit 7 Serve the wedding reception of Mr. Pascua & Ms Santos for P145,000. P100,000 was paid in cash and the balance payable on credit 8 Deposited P2,000,000 to AUB 3 10 Bought catering equipment, P 150.000 from AUB account 14 Ms. Zamora withdrawed P50,000 from her investment 16 Initially paid P500,000 to 5 Dragons & P200,000 to Adessa from the AUB account 20 Served the christening of Baby Jam of Mr. & Mrs. Hamilton, P85,000 22 Received payment from Mr. Pascua & Ms. Santos, P45,000 GJ - GRAND TOTAL 24 Served the birthday party of Mr. Sy. P165,000 cash GL - GRAND TOTAL 8,000,000.00 26 Mr.Gabriel increased his investment, P250,000 TB - GRAND TOTAL 31 Paid the March salary, P35,000 TB - BALANCES 3.970,000.00 A/P-5 Dragon Machines A/P - Adessa Furniture and Fixtures A/P - SMC Merchandise Inventory Accounts Receivable (Mr. Hamilton) Mr. Gabrial, capital Accounts Receivable (Mr. Pascua) Ms. Zamora, capital Cash in Bank - AUB Raw Materials Cash on Hand Salary Expenses Equipment Service Income No. of Debit Debit Credit Entries - No. of Credit Entries 2 1 2 7 1 1 1 1 4 1 4 2 1 1 20 22 24 26 31 1 1 8 1 1 1 1 10 1 1 14 16 1 1 2 1 1