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Please help me with this. Thank you! A. Engagement Assessment Mr. Clean invested in a laundry business on January 2020. Record each transaction in your
Please help me with this. Thank you!
A. Engagement Assessment Mr. Clean invested in a laundry business on January 2020. Record each transaction in your general journal. Type your journal entries in the Excel format provided for you. Use the following accounts: Cash, Office Supplies, Laundry Supplies, Equipment, Accounts Receivable, Accounts Payable; Clean, Capital: Clean, Withdrawals, Clean, Revenues, Power and light, Salaries Expense, Travel Expense, Taxes and Licenses. Example: Date Account Title Debit Credit 2020 02 January Cash 500,000.00 Capital, Mr. Clean 500,000.00 DATE TRANSACTIONS 1/2/20 Invested PHP500,000 to his business. The trade name of the business was "MR. LABANDERO" 1/3/20 Hired Allan and Allie who will manage his business 1/4/20 Collections from various customers for the day- PHP3,000 Purchase store supplies from Labada Store - PHP10,000 1/5/20 1/7/20 Collections from various customers for the day - PHP8,000 1/8/20 MR. LABANDERO entered into an exclusive contract with Sikat Hotel where the business will do all the laundry of the hotel. 1/9/20 Sikat Hotel availed the services of MR. LABANDERO amounting to PHP15,000. Payment will be made on January 20, 2016. Collections from various customers for the day - PHP12,000 Purchase a washing machine amounting to PHP50,000 1/10/20 1/12/20 1/15/20 1/19/20 Collections from various customers for the day - PHP20,000 Paid electricity bill for the month amounting to PHP18,000 Paid salaries of Allan and Allie - PHP15,000 1/21/20 1/22/20 Mr. Laban Deyro needed money for the hospitalization of his son. He withdrew PHP18,000 from the business. 1/25/20 Paid airfare ticket of PHP1,500 for the travel of Mr. Deyro to Manila to negotiate a contract with Sosyal Hotel 1/26/16 Paid taxes to the City of Iloilo, PHP4,000 1/27/20 Purchased office supplies amounting to PHP12,500 1/28/20 Collections from various customer for the day - PHP5,000 REQUIRED 1. JOURNAL ENTRIES 2. POST TO THE LEDGER 3. PREPARE A TRIAL BALANCEStep by Step Solution
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