Seatwork

Copy Fast Services was opened by Jarenz on January $1,2008$ with a cash investment of P $10,000.$

Additional transactions for the month are as follows:

Jan $2$ Jarenz invested three equipment worth P $18,000$

Paid P $3,000$ as deposit for rental

Bought office supplies for cash, P $500$

Received P $2,000$ cash from various students for typing services rendered

Rendered typing services on account, P $3,000$

Bought office furniture from Nicfur, P $5,000.$ Paid $50\%$ and promised to pay the balance

within $30$ days

Paid Nicfur, P $1,000$

Collection from account customers, P $2,000$

Paid Salaries of Typist, P $1,500$

Summary of cash received, P $2,000$ and a promissory note for P $200$ for typing service

rendered

Paid for telephone, light and water, P $800$

Paid P $300$ for repair of typewriters

Payments for: Salaries, P $1,500$; Rent, P $1,500$

The owner made a cash withdrawal of P $500$

Required:

Journal

Ledger

Trial Balance

Statement of Income

Statement of Equity

Balancesheet