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--- NAME SECTION SCORE: PROFESSOR Problemas Recording Transactions in T-Accounts and Pring a Balance On Oct. 1. 2018, lackeln Magpantay established Cry Laundry. The courtant
--- NAME SECTION SCORE: PROFESSOR Problemas Recording Transactions in T-Accounts and Pring a Balance On Oct. 1. 2018, lackeln Magpantay established Cry Laundry. The courtant med the following accounts in the chart of accounts: Cal Supplies Prepaid surance Laundry Equipment, Furniture and Futures Accounts Payable: Magpantay, Capital 1 Magpantay. Withdrawal Laundry Revenues salaries Expenses and persee i pense and Miscellaneous pense During October, the following transactions were completed 2. Magpantay deposited P192,000 in a bank account in the name of the business Bought tables and chairs for cash, P12.960 c. Pald rent for the month, P.950 d. Bought washers and dryers for P163,000, giving P32,000 as down payment, with the remainder due in thirty days e Bought washing supplies on account from anita Rabena Distributors, P5,190 t. Received P17,960 from cash customers for the first half of the month & Paid P2,140 for a one-year liability insurance policy. h. Received and paid electric bil, P1,900 Paid P1,230 on account for the washing supplies acquired in transaction (el. Received P27,920 from cash customers for the second half of the month k. Pald salaries to employees, P10,350 Magpantay withdrew cash for personal use, P9.500 Required: 1. Record the transactions directly into the T-accounts using the alphabets to identify each transaction 1 2. Prepare a trial balance 139
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