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Journalize the Transaction. Prepare Trial Balance and the STATEMENT OF FINANCIAL POSITION. Thankyouuu so so much 2. Prepare a Trial Balance 3. Prepare the Statement
Journalize the Transaction. Prepare Trial Balance and the STATEMENT OF FINANCIAL POSITION. Thankyouuu so so much
2. Prepare a Trial Balance 3. Prepare the Statement of Financial Position E. Flores is a painting contractor. During the month of April of the current year, he completed the following transactions: April 2 Invested in the business painting equipment valued at P52,300 and placed P271,000 in a business checking account. 2 Acquired a service vehicle costing P280,000. Paid P50,000 cash and signed a note for the balance. 3 Purchased painting supplies on account for P13,200. 4 Completed a painting job and billed the customer, P14,800. 7 Received a P12,500 cash for painting an apartment room. 10 Purchased painting supplies for P7,600 cash. 11 Received a P14,800 check from the customer billed on April 5. 12 Paid P4,000 for an insurance policy for a one-year coverage. 13 Billed a customer P16,200 for a painting job. 14 Paid the assistant P9,500 for twenty-five hours' work. 15 Paid P1,400 for a tune-up of the service vehicle. 13 Paid for the painting supplies purchased on April 4. 20 Purchased a new ladder for P6,000 and painting supplies for P2,900 on account. 22 Received a telephone bill for P700, due next month. 20 Received P16,200 in cash from the customer billed on April 13. 21 Transferred P30,000 to a personal checking account. 22 Received P13,600 in cash for painting a two-room apartment. 27 Paid P72,000 on the note signed for the service vehicle. 29 Paid the assistant P8,700 for thirty hours' workStep by Step Solution
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