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Prepare a tabular summary of the transactions below: W. S. Blaskowski Foodservices entered into the following transactions during May 2022. On May 1, Blaskowski invested
Prepare a tabular summary of the transactions below:
W. S. Blaskowski Foodservices entered into the following transactions during May 2022. On May 1, Blaskowski invested in cash P200,000 and P15,000 of food inventory, Account Receivable outstanding P50,000 . 2 Purchased kitchen equipment for P300,000 from General Appliances on account. 3 Paid P30,000 cash for May rent. 4 Received P50,000 cash from customers for services billed in April. 5 Provided services to the Osbornes' 50th wedding anniversary P75,000 and received a downpayment equivalent to 50%. 6 Paid World Web Services P5,000 cash for advertising in May. 7 Stockholders invested an additional P500,000 in the business. 8 Paid General Appliances for the equipment purchased in transaction (1). 9 Incurred consulting expense for May of P10,000 on account. 10 withdraw cash for P20,000 per personal use. 11 Paid salaries for P40,000 of employees 12 Purchase food supplies for P20,000. 13 Cash revenue for the month totaled P35,000. 14 Found out that unused food supplies at the end of the month P7,750Step by Step Solution
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