journal entries

Cash Accounts Receivable Accounts Payable Loans Payable Panatag Drawing Panatag Capital Supplies Prepaid Rent Furniture Car Service Income Salaries Expense Utilities Expense One of the business transactions is: July 03 The owner purchased furniture amounting to P50,000. Paid 70% cash and the balance will be paid a Date Account Title Debit Credit July 03 furniture 50,000 Cash 50000 50000 des expense Supplies Prepaid Rent Furniture Panatag Drawing Panatag Capital Car Service Income Salaries Expense Utilities Expense One of the business transactions is: July 05 The owner secured a loan from the bank amounting to P250,000 payable over the period of sy deposited to the bank account of the business. Date Account Title Debit Credit July 05 INSTRUCTIONS: 1. IF THE TRANSACTION DOES NOT REQUIRE A JOURNAL ENTRY, WRITE No Entry ON ALL THE Blanks. 2. IN ENCODING THE AMOUNT OF YOUR ANSWER, DO NOT USE PESO SIGN, COMMA AND DECIMAL PLACE. ALL 3. THE ACCOUNT PANATAG CAPITAL AND PANATAG DRAWING SHOULD BE ENCODED WITHOUT COMMA. Furniture S Car Service Income Salaries Expense Utilities Expense One of the business transactions is: July 07 The business started the business by contacting possible companies as clients. Or contract with Panatag Security worth P59,000. Date Account Title Debit Credit July 07 INSTRUCTIONS: 1. IF THE TRANSACTION DOES NOT REQUIRE A JOURNAL ENTRY, WRITE No Entry ON ALL THE Bla 2. IN ENCODING THE AMOUNT OF YOUR ANSWER, DO NOT USE PESO SIGN, COMMA AND DECIMA 3. THE ACCOUNT PANATAG CAPITAL AND PANATAG DRAWING SHOULD BE ENCODED WITHOUT CC 00 1 Panatag Capital Supplies Prepaid Rent Furniture Car Service Income Salaries Expense Utilities Expense One of the business transactions is: Aug 12 The business paid the monthly amortization of the loan amounting to P4,000. Date Account Title Debit Credit Aug 12 cash nts payable INSTRUCTIONS: 1. IF THE TRANSACTION DOES NOT REQUIRE A JOURNAL ENTRY, WRITE NO Entry ON ALL THE Blanks. Service Income Salaries Expense Utilities Expense One of the business transactions is: Aug 15 The business received cash from customers amounting to P48,000 for security se Date Account Title Debit Credit Aug 15 accounts rec 48000 cash 4800 INSTRUCTIONS: 1. IF THE TRANSACTION DOES NOT REQUIRE A JOURNAL ENTRY, WRITE No Entry ON ALL THE BI 2. IN ENCODING THE AMOUNT OF YOUR ANSWER, DO NOT USE PESO SIGN, COMMA AND DECIM 2. THE ACCOUNT PANATAG CAPITAL AND PANATAG DRAWING SHOULD BE ENCODED WITHOUT