Question
Journal entry for the following: Kevin's activities in September September 1 Paid the rental for month P2,500. September 2 Made an additional investment of P50,000.
Journal entry for the following: Kevin's activities in September
September 1 Paid the rental for month P2,500.
September 2 Made an additional investment of P50,000.
September 2 Rendered services on account P65,000. 10% down payment; and used P3,500 of laundry supplies.
September 5 Full collection of Aug.10 transaction P750. (previously adjusted as allowance for doubtful accounts).
September 10 Accepted laundry services for cash P15,000; used P800 of laundry supplies.
September 15 Paid the salary of staff P5,000.
September 16 Paid the electricity bill for August P4,500.
September 20 Purchased laundry supplies on account P7,800.
September 25 Partial collection of September 2 transactions P10,000.
September 26 Paid a one year advance on rental P30,000.
September 27 Accepted laundry service on account P12,750; used P800 of laundry supplies.
September 28 Paid water consumption of August P3,500.
September 30 Paid the salary of staff P5,000
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