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The following are transactions of Coco Lim for the month of June 2014. His company has the following list of accounts in the ledger
The following are transactions of Coco Lim for the month of June 2014. His company has the following list of accounts in the ledger Cash Accounts Receivable Notes Receivable Office Supplies Office Equipment Accounts Payable C Lim, Capital C. Lim, Drawing Service Revenue Advertising Expense Miscellaneous Expense Office Rent Expense Repair Expense Salaries Expense Utilities Expense June 2 Purchased office supplies worth P 3,600 for cash. 4 Paid office rent for the month amounting to P 7,500. 6 Purchased office equipment worth P 15,000 on account. 9 Billed customers on account for services rendered, P 35,400. 11 Paid advertisement of the business, P 1,800. 12 Coco Lim made additional cash investment, P 150,000. 16 Received cash from customers on account, P 11,250. 18 Rendered services to customers receiving P 18,705. 19 Paid an account payable amounting to P 10, 500. 20 Purchased additional P 5,250 worth of office supplies on account.
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