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Prepare journal entries for the following transactions: (Use the following columns: Date; Account Title; Debit; Credit) On March 31, 2018, the owner of the company
Prepare journal entries for the following transactions: (Use the following columns: Date; Account Title; Debit; Credit)
- On March 31, 2018, the owner of the company traded his personal vehicle, P90,000 and paid P70,000 from company funds for a new company vehicle.
- On April 30, 2018, the company hired two office personnel for P6,500 monthly salary each.
- On May 1, 2018, the company purchased office furniture amounting to P150,000 paid P80,000 cash and the balance on credit.
Prepare journal entries for the following transactions: (Use the following columns: Date; Account Title; Debit; Credit)
- On July 1, 2018, the company rendered P520,000 consulting services: received P350,000 cash, and the balance is on credit.
- The company paid office rent of P110,000 which included the use of power and water amounting to P 50,000
(PLEASE ANSWER ASAP! I NEED IT NOW :< )
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