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please answer all the questions immediately thankyou 14. D. Makita decided to put up an internet caf business somewhere in Makati. The following transactions occurred
please answer all the questions immediately thankyou
14. D. Makita decided to put up an internet caf business somewhere in Makati. The following transactions occurred in February, its first month of operations. - February 1 The owner, D. Makita invested cash of P200,000 and 25 units of computer costing of P265,000. 1 Bought tables and chairs from Tupaz Company on credit, P22,650. 1 Secured business permit from the City Hall of Makati and paid various licenses totaling P8,150. 2. Total collections for the day from internet service, P22,000. 4 Paid the rent for February, P12,000. 5 Bought and used office supplies from Cunanan bookstore, P1,260.80 on credit. 6 Bought small tools on account from Convex Trading P2,500.30. 7 Registered the business name with the Dept. of Trade & Industry and paid P2.010.50. Received a total cash of P20,000 for the day from different customers for the use of computer. 10 The owner withdrew cash from his personal use, P10,000, Paid miscellaneous expenses P1,250. Paid salaries' of the mechanic and clerk, P13,850. 13 Cash collections for the day from internet service P11,080. Bought a fax machine P25,000 paying a down payment of 40% and issued a note forsthe balance 15 Paid telephone bill P1.925 and electric bill P6,480 16 The owner invested his personal computer to the business P18000. 17 The fax machine was used by a customer and collected P250 for its use. 18 Bought copying machine for cash. P22,650. 20 Collected P1,200 from a customer for photocopying service, 11 12 - 14 - 23 Received cash for internet service, P6,890. 25 A loan was secured from PNB, P12,000. 28 Paid salaries of the mechanic and clerk, P12,670. 28 - Paid Corvex Trading, P1,000. (see transaction dated Feb. 6) REQUIRED: In a separate MS excel, do the following: 1. Journal entries 2. Trial balance as of February 28, 200DStep by Step Solution
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