ROSALES_CARLJHON_3E_SELFTESTPART3_ITPC 105_MODULE3 - Word Carl Jhon Rosales X File Home Insert Design Layout References Mailings Review View Help Grammarly Tell me what you want to do Share Cover Page [Shapes SmartArt Header It Equation . Get Add-ins W Link A Blank Page Icons | Chart Bookmark Footer 2 Symbol Table Pictures My Add-ins - Wikipedia Online Comment Text Page Break 3D Models * 4Screenshot Video Cross-reference Page Number Box A=- - Pages Tables Illustrations Add-ins Media Links Comments Header & Footer Text Symbols A . . .2 . 4 . . . 6 . . . . .7. . Part III. Journalizing, Posting and Preparing a Trial Balance B. The following are transactions of Instant Florida Services, owner Gil Florida. Journalize the following transactions, prepare a chart of accounts ,post it to a ledger and prepare a Trial Balance as of June 30, 2011. 2011 June H Received Php 300,000 from the owner as his initial investment. 3 Tools costing Php 31,100 was purchased from Steel Supply Company under terms: Php 11,100 paid in cash and Php 20,000 on account. 7 Land Costing 150,000 was purchased. The business assumed a mortgage payable of Php 100,000 and balance paid in cash, Php 50,000. 10 The business purchased machinery costing Php 95,000 from Eastern Manufacturing Company, paying cash of Php 20,000 and balance on a mortgage. 12 Rendered mining services to Philippine Mining Corporation. The cost of service is Php 80,000, receiving cash of Php 65,000 and the balance on account. 16 A patent (asset) related to the mining operation was acquired, Php 25,000 25 The owner made additional investment to his business as follows: Cash of Php 200,000; equipment of Php 75,000 and machinery of Php 85,000. 27 Paid miscellaneous expenses, Php 28,000 Paid Php 35,000 for interest expenses. 30 the business purchased operating supplies for cash Php 18,000 Page 1 of 1 209 words [ English (United States) + 90% ENG 3:09 PM Type here to search O W UK 12/15/2020 56