Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Journalize the Following transactions ODS-12 Rosa Allado began an appliance center in April, 2007 with the following account balances: Cash Delivery Truck Store Equipment Furniture

Journalize the Following transactions
image text in transcribed
image text in transcribed
ODS-12 Rosa Allado began an appliance center in April, 2007 with the following account balances: Cash Delivery Truck Store Equipment Furniture Office Equipment Notes Payable Merchandise Inventory P 80,000 100,000 20,000 12,000 10,000 16,000 59,500 1 Paid for the following P10,000 Store rent deposit for 2 months Rent for the month of April Taxes and licenses Journal, general ledger, and 5,000 675 268 other supplies 2 Bought 2 typewriters from 680 Stores, cash; unit price per typewriter, P8,500. (One typewriter would be 3 Paid for gasoline and oil, P300. 6 Bought on account 5 color television sets from National Appliances Co.; trade listp in the office and the other for sale.) Toll rice per unit, P8,200; 10 5, n/30. 35055 7 Returned 1 color television set to the National Appliances. 4 pe. 33

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions