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Kindly answer this activity 4 Paid P15,000 rental for the month of the business office. 6 Received P40,000 cash for the services rendered. 7 Rendered
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4 Paid P15,000 rental for the month of the business office. 6 Received P40,000 cash for the services rendered. 7 Rendered services on account, P50,000 13 Collected 50% on the services rendered last May 7. 15 Paid the P3,000 for isolated services of a casual employee. 17 Purchased supplies and issued a promissory note with principal of P10,000. 25 Received P10,000 cash for services rendered. 28 Paid 40% of the amount owed on May 3 transaction 29 Purchased furniture for P15,000, on account. 30 Paid water and electricity, P15,000. 30_Paid P3 000 for isolatedPETA#4 - Posting to the Ledger On an EXCEL file, Prepare the General Ledger and compute for the ending balance of the accounts given below that were used in the following transactions: Mr. Z went into a service business. He had the following transactions for the month of May 2020: May 2 Invested P750,000 cash in the business and P365,000 worth of office equipment. 2 Paid P5,000 business registration fees and licenses. 3 Purchased office equipment, on account, for P40,000. 4 Purchased supplies for P6,000. 4 Paid P15,000 rental for the month of the business office. 6 Received P40 000 cashP15,000, on account. 30 Paid water and electricity, P15,000. 30 Paid P3,000 for isolated services of ta casual employee 30 Withdrew P15,000 for personal use. Chart of Accounts . Cash . Accounts Receivable . Notes Receivable . Supplies . Office Equipment . Furnitures & Fixtures . Accounts Payable . Notes Payable . Mr. Z, Capital . Mr. Z, Drawings . Service Income . Rent Expense . Salaries Expense . Taxes& Licenses Expense . Utilities ExpenseStep by Step Solution
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