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Journalize the transactions on to the General Journal using the Chart of accounts. Chart of Accounts Transactions Accou Account Title Accoun Account Title Assets
Journalize the transactions on to the General Journal using the Chart of accounts. Chart of Accounts Transactions Accou Account Title Accoun Account Title Assets Equity: A001 Cash E001 Wells, Capital A002 Accounts Receivable E002 A003 Notes Receivable A004 Office Supplies Inventor IN01 A005 Prepaid Expenses IN02 A006 Transportation Equipme INO3 A007 Land Wells, Withdrawal Income: Service Income Rent Income Interest Income Miscellaneous Income Expense: IN04 A008 Building Liabilities EX01 Rent Expense L001 Accounts Payable EX02 Utilities Expense L002 Notes Payable EX03 Salaries Expense L003 Loans Payable EX04 Interest Expense L004 Utilities Payable EX05 Communications Expense L005 Rent Payable EX06 Advertising Expense 01-Jan The owner, Ms. Hannah Wells, invested 3,000,000 PHP to the business 03-Jan The owner, Ms. Hannah Wells, invested additional Office Supplies to the business worth 400,000 PHP 04-Jan the business saw a land worth 700,000 which is good place for the business. The business immediately bought. 10-Jan the business borrowed 600,000 from BPI 13-Jan The business started its operations. The business earned 30,000 from its first customer Mr. Kirkman 15-Jan The business partially paid its liability to BPI 50,000 24-Jan The business hired Ms Danes to help with the business and immediately been paid 20,000 as part of employment contract 31-Jan the business earned 400,000 from its customers by cash 3-Feb The business paid 50,000 to Meralco for January bill 6-Feb the business expanded and bought a small building worth 500,000 10-Feb the business received 40,000 from an unknown person 11-Feb The business borrowed from Mr. Nassar and wrote a note worth 65,000 16-Feb The business rendered 55,000 worth of service on credit. 26-Feb The business paid Seth Wright to create an ads worth 70,000 28-Feb Ms. Hannah invested additional 65,000 to the business 01-Mar The business paid 43,000 for salaries of the employees 05-Mar the building earlier bought has free space hence been rented to another company. 55,000 paid upfront 15-Mar The business paid 30,000 from the liability of Mr. Nassar 16-Mar The business paid 20,000 for the communication facilities of the business 29-Mar Ms.Hannah withdrew 30,000 from the business
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