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Please help me with my project in Accounting. I'm willing to wait, thank you. 1. Prepare the chart of Accounts 2. Journalize the transactions 3.
Please help me with my project in Accounting. I'm willing to wait, thank you.
1. Prepare the chart of Accounts
2. Journalize the transactions
3. Post Journal Entries to the General Ledger
4. Prepare Trial Balance
Ms. Delly Cious, a nutritionist decided to put up Delly Cious Consultancy Services business. She completed the following transactions for March 2021. Mar 2- She invested cash for P 75,000; computers worth P 15,000 and furniture amounting to P 5,600. Mar 3 - Paid taxes and licenses, P 5,500. Mar 4 - Paid rent for the month, P 3,200. Mar 7- Bought supplies for cash, P 7,500. Mar 8 - Received P 8,350 consultancy services rendered to customers. Mar 10 - Billed Ms. Chubby Sha, P 4,535 for consultancy services. Mar 13 - Paid the salary of her assistants amounting to P 5,800. Mar 15 - Received 60% payment from Ms. Chubby Sha Mar 17 - Purchased additional supplies on account, P 3,280. Mar 19 - Rendered services to the employees of Sharap Corporation for a total charge of P 25,000. Sharap Corporation made a down payment of 35%. Mar 20 - Cash receipts from customers for services rendered, P 8,225. Mar 22 - Ms. Delly Cious withdrew cash for personal use, P 2,500. Mar 23 - Ms. Delly Cious received P 50,000 for a five months contract to prepare a nutritional diet for Mr. Lucky Tian. Mar 24 - Received and paid electricity bill, P 3,750. Mar 26 - Received the telephone bill, P 4,210. Mar 27 - Paid the salary of the staff, P 5,000. Mar 28 - Received full payment from Ms. Chubby Sha Mar 29 - Received the balance from Sharap Corporation. Mar 30 - Paid the 50% balance on May 17 transaction. REQUIREMENTS: 1. Prepare the Chart of Accounts 2. Journalize the transactions 3. Post journal entries to the General Ledger 4. Prepare Trial BalanceStep by Step Solution
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