Question
The following are transactions of Samantha Payapag Advertising Company for the month of July 2013 Prepare Journal Entries , Ledger , T- Accounts , Trial
The following are transactions of Samantha Payapag Advertising Company for the month of July 2013
Prepare Journal Entries, Ledger, T- Accounts, Trial Balance, Income Statement, and Balance Sheet
July 3 Samantha Payapag invested 500,000 in the business.
July 5 Bought for cash, advertising supplies costing 80,000. Paid rental of the office, 7,300
July 9 Bought delivery truck from MJ Idos Trading, 350,000 on credit
July 12 Received 43,000 cash as advertising income
July 13 Bought furniture & fixtures, 32,000 in cash
July 17 Took 3,200 cash for personal purposes
July 18 Billed Bernalyn Galvez for the advertising service rendered to promote her product to the market, 10,000
July 23 Paid salaries of the employees, 15,000. Billed Zaldy Co. for the advertising service rendered, 4,000
July 24 Collected 1/2 of the amount Bernalyn Galvez owed to the company
July 26 Purchased another truck amounting to 120,000 from Edwina Motor, Inc. on credit
July 27 Paid MJ Idos Trading 230,000 as partial settlement of the account
July 30 Paid utility expense for the month
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