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please help me. I have an answer but I think it's wrong. This is General Journal May 3 Below are the transactions of Juan Manuell
please help me. I have an answer but I think it's wrong.
This is General Journal
May 3 Below are the transactions of Juan Manuell Enterprises for the month of May 2018. Mr. Manuell invested P500,000 cash. 51 May 5 May 6 May 9 May 11 May 16 Purchases from Big Dipper Merchants P50,000 merchandise. Terms: 3/10, n/20. Sold merchandise to Gemini Enterprises, P32,000. Terms: 2/10, n/30. Purchased office supplies from Galaxy Co. for cash, P3,000 through Check No. 0031. Gemini Enterprises settled its account in full. Issued OR#10241 Purchased merchandise from Polaris Trading. P55,000. Terms: P25,000 down payment, balance on account. Terms: 2/10,n/30. Check No. 0032. Purchased merchandise from Aurora Borealis Systems, P201,600. Terms: 2/10, n/30. Sold to Virgo Enterprises P150,000 worth of merchandise. Terms: 2/10, 1/30. Purchases from Meteor Trading P80,000. Terms: 2/15, n/30. May 25 May 26 May 30 May 3 Below are the transactions of Juan Manuell Enterprises for the month of May 2018. Mr. Manuell invested P500,000 cash. 51 May 5 May 6 May 9 May 11 May 16 Purchases from Big Dipper Merchants P50,000 merchandise. Terms: 3/10, n/20. Sold merchandise to Gemini Enterprises, P32,000. Terms: 2/10, n/30. Purchased office supplies from Galaxy Co. for cash, P3,000 through Check No. 0031. Gemini Enterprises settled its account in full. Issued OR#10241 Purchased merchandise from Polaris Trading. P55,000. Terms: P25,000 down payment, balance on account. Terms: 2/10,n/30. Check No. 0032. Purchased merchandise from Aurora Borealis Systems, P201,600. Terms: 2/10, n/30. Sold to Virgo Enterprises P150,000 worth of merchandise. Terms: 2/10, 1/30. Purchases from Meteor Trading P80,000. Terms: 2/15, n/30. May 25 May 26 May 30Step by Step Solution
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