Question
Task: create a journal entry and T accounts with the following transaction MAB cleaning services is owned and established by Marc Anthony Barez. As initial
Task: create a journal entry and T accounts with the following transaction
MAB cleaning services is owned and established by Marc Anthony Barez. As initial capital. Barez gave 590,000 worth of cash and 900,100 worth of equipments. As initial transaction for the month of January
1. purchased office furniture 84,750 on account under CBA furniture
2. bought supplies worth 12,220 in cash
3. render a service to a client on account 8,520
4. pays employee's salary 16,500
5. render services to a client 23,000
6. received payment for the services rendered on jan 3
7. pays utilities for the month 2,300
8. washed clothes for mr. alvin 13,500
9. pays rent expense 2,500
10. mr. barez withdrawals 21,500
11. renders service for ms. fontanilla on account 17,500
12. bought new equipment worth 78,250 on accounts
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started