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Instructions 1. For each of the transactions, prepare journal entries. Ensure you provide the explanation part. Use the following account titles: Cash Accounts Receivable Cleaning
Instructions 1. For each of the transactions, prepare journal entries. Ensure you provide the explanation part. Use the following account titles: Cash Accounts Receivable Cleaning Supplies Service Vehicle Accounts Payable Notes Payable Bautista, Drawing Bautista, Capital Service Revenue Salary Expense Utilities Expense Rent Expense 2. Post the transactions using T-account. Use the accounts provided in #1. 3. Prepare trial balance as of June 30, 2020. In June 2020, Anne Bautista formed a company, At Your Service, which provides cleaning services to its customers. During the month, the following are the transactions that occurred: June 1 - Transferred cash to the business amounting to P250,000 June 2 - Acquired cleaning supplies on account, P45,000 June 5 - Acquired a service vehicle for P500,000 by issuing note payable in that amount, due next month. June 6- Received cash in the amount of P120,000 for carpet cleaning services rendered to a client. June 9 - Paid P15,000 for cleaning supplies acquired on June 2 June 13 - Billed clients P325,000 for the carpet cleaning services rendered. June 15- Paid salaries of P64,000 June 20 - Anne withdrew P75,000 from the business. June 28 - Received P215,000 cash from clients billed on June 13. June 29 - Paid utilities bill of P12,000. June 30 - Paid monthly rent for office space, P25,000
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