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Please prepare a general journal, ledger with 3 columns, and worksheet with trial balance, income statement and balance sheet. Please use proper format. Molly Mendoza
Please prepare a general journal, ledger with 3 columns, and worksheet with trial balance, income statement and balance sheet. Please use proper format. Molly Mendoza opened a nursery school called "School of New Hope on May 1, 2020. The following were transactions of the business for the first month of operation. Record the transaction in a journal, ledger and worksheet for the month of operation. March 1 Molly Mendoza made an initial investment amounting to P1.500.000. 4 Purchased beds and play equipment for P120,000 from Oliveros Payapag Corp. on credit. 5 Paid P3.000 cash for newspaper advertising. 12 Paid P70.000 to Oliveros Payapag Corp. as partial settlement of the account. 15 Purchased additional supplies for P5.000 from AMA CO. in cash. 16 Received P100.000 tuition fees from various clients. 18 Paid month's rent. P10.000. 19 Sent a bill to Teodorica Ambucay for fees amounting to P20,000. 25 Collected full payment from Teodorica Ambucay. 30 Borrowed money from Metro Bank. P200.000 and invested it into the business as additional investment
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