Question
This Transactions are Tagbilaran Hardware and Auto Supply Write the following into journal? Write the following into Ledger? Write the following into Unadjusted trial balance
This Transactions are Tagbilaran Hardware and Auto Supply
Write the following into journal?
Write the following into Ledger?
Write the following into Unadjusted trial balance adjusted trial balance and trial balance?
July 1 Bought merchandise for cash from A. Calaguian Enterprise, Php 50,000.00
July 3 Returned Php 6,000.00 cost of merchandise to A. Calaguian Enterprise for not conforming with the order.
July 4 Bought merchandise on account costing Php 20,000.00 from B. Laranag Co. term 2/10,N/30.
July 6 Returned Php 2,000.00 cost of merchandise to B. Laranag
July 7 Paid the account with B. Laranag Co., net purchase returns and 2% discounts.
July 8 Sold merchandise for cash to K. Guiamad Trading, Php 35,000.00
July 9 Received Php 2,000.00 of merchandise returned from K. Guiamad Trading.
July 10 Sold merchandise on account to L. Anana co. Php 20,000.00 Term 3/10,N/30.
July 11 Received Php 3,000.00 cost of merchandise returned from L. Anana co.
July 12 Collected the account of L. Anana Co. Netsales returns and 3% sales discounts.
July 13 Bought merchandise for cash from V. Orbesido Co. Php 30,000.00
July 14 Return Php 1,000.00 cost of merchandise from V. Orbesido
July 15 Bought merchandise on account form D. Javier Enterprise Php 35,000.00. Term 10% if paid with in 5 days.
July 16 Return of Php 2,500.00 cost of merchandise from D. Javier enterprises.
July 17 Paid the account with D. Javier enterprise after deducting the purchase return and availed 10% purchase discounts.
July 18 Additional cash investment of C. Tabaranza, Php 300,000.00
July 19 Cash withdrawal by C. Tabaranza for her personal use. Php 50,000.00
July 20 Paid salaries Php 20,000.00
Paid utilities Php 15,000.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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