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i need it asap please answer Items 1-19: Record in a JOURNAL the following transaction of Aling Maliit Accounting Office for the month of January
i need it asap please answer
Items 1-19: Record in a JOURNAL the following transaction of Aling Maliit Accounting Office for the month of January 2022. January 2 Shy organized Aling Maliit Accounting Office by investing cash P550,000 and a second hand computer set with a cost of P55,000. 3 Paid DTI and the City Hall for necessary business permit and licenses, P5,500. 4 Hired two office staffs for monthly salary of P15,000 each. 6 Bought worksheets, stationeries, printer ink and printer papers for P10,000 cash. 8 Purchased office tables for P80,000 from ABC Works. Terms 20% down payment, the balance on account. 9 Submitted an application for loan at South East Bank for P50,000. 10 Assisted Ms Jane in preparation her financial statements. Ms. Jane paid P20,000 for the services. 12 Acquired additional computer sets from CBX for P80,000 on account. 15 Paid the half-month salary of the staffs. 17 Made a 60% partial payment to CBX. 18 Paid P1000 for transportation going to clients. 20 Send a bill amounting to P90,000 to Pingkeu Company for audit services rendered. 22 Revenues earned for the day for services rendered: P60,000 for cash clients and P40,000 from account clients. 24 Paid the account to ABC Works. 25 Collected 60% from Pingkeu Company. 26 Received and paid the utility bills for the month, P10,000. 27 Collected from account clients for services rendered on December 22. 30 Paid the monthly office rental, P30,000. 31 Paid the second half-month salary of the staffs. Use the following Account Titles: Cash; Account Receivable; Supplies; Furniture and Fixture; Equipment; Accounts Payable; Aling Maliit, Capital; Aling Maliit, Drawings; Service Income; Salaries Expense; Taxes and Licenses Expense; Utilities Expense; Transportation Expense; Rent ExpenseStep by Step Solution
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