Question
im struggling to answering this one? It's accounting A.) Sept. 1 - Jerson invested Php100,000 cash in his business. b. Sept. 2 - Jerson acquired
im struggling to answering this one? It's accounting
A.) Sept. 1 - Jerson invested Php100,000 cash in his business.
b. Sept. 2 - Jerson acquired 3 Machines worth Php60,000 from a Machine Company. The amount of Php 60,000 is broken down as follows: Php35,300 cash and the balance amounting to Php24,700 which Jerson promised to pay on Sept 25.
c. Sept. 15 - Jerson incurred his first utility bills from Electric Company worth Php5,000, Water Company worth Php2,000, and Telecommunication Company worth Php1,000. All utility bills incurred are paid in cash.
d. Sept. 18 - Jerson started to run his laundry business. He provide laundry service to Reginald 5 Star Hotel their trusted customer. He earned Php 52,700 for services provided. He received cash amounting to Php 32,700 and the balance of Php 20,000 was billed on account.
e. Sept. 25 - Jerson has not enough money and paid a Machine Company amounting to php 20,000 cash only for purchased last September 2.
f. Sept. 27 - Jerson collected the balance from Reginald 5 Star Hotel previously been billed last Sept. 18.
g. Sept. 29 - Jerson withdraw the amount of Php45,500 for personal used.
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