prepair journal Entries, balance sheet, income statement trial balance

102 backspace + Ruimte E. Give the effects of the foregoing transactions The following are transactions of Samantha Payapas Advertising Company for the month of July, 2013 July S 3 Samantha Payapag invested P500,000 in the business Bought for cash, advertising supplies costing P80,000. Pald rental of the office, P7,300 9 Bought delivery truck from M Idos Trading, P350,000 on credit 12 Received P43,000 cash as advertising income 13 Bought furniture & fixtures, P32.000 in cash 17 Took P3,200 cash for personal purposes X 18 Billed Bernalyn Galvez for the advertising service rendered to promote her product to the market, P 10.000 23 Paid salaries of the employees, P15,000. Billed Zaldy Co, for the advertising service rendered, P4,000 24 Collected % of the amount Bernalyn Galvez owed to the company 26 Purchased another truck amounting to P120,000 from Edwina Motor, Inc. on credit 27 Paid MJ Idos Trading, P230,000 as partial settlement of the account 30 Paid utility expense for the month Llabilities Assets Capital