Question
Journalize the following selected transaction of ABBA Services for the month of February 2013. Feb 1 ABBA made an additional investment of Php150,000 cash Feb
Journalize the following selected transaction of ABBA Services for the month of February 2013.
Feb 1 ABBA made an additional investment of Php150,000 cash
Feb 4 Rendered services on account to Edna, customer, amounting to Php 65,000; terms of 10% down and the balance at the end of the month
Feb 6 Paid the rental for the month - Php5,000
Feb 10 Purchased office supplies from National Bookstore with cash amounting to Php1,500
Feb 15 Paid the salary of employees - Php 15,000
Feb 18 Rendered services for cash - Php10,000
Feb 20 Rendered services on account - Php40,000
Feb 25 Collected the balance from Edna in Feb 4 transaction
Feb 28 Withdrew Php500 for personal use
Feb 28 Paid the salary of employees- Php15,000
Feb 28 Partial collection from Feb 20 transaction-Php25,000
Feb 28 Paid the electric bill for the month - Php2,300
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