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Using your Personal Accounting Books, do the following requirements: 1. Journalize the business transaction. 2. Prepare a Chart of Accounts 3. Post the journal entries.
Using your Personal Accounting Books, do the following requirements: 1. Journalize the business transaction. 2. Prepare a Chart of Accounts 3. Post the journal entries. 4. Prepare a Trial Balance. GADIANO STORE transactions for the month of January, 2018. Jan. 1 - Gadiano invested P500,000.00 for his store. 3 - He bought supplies for P8,100.00 on account. 7 - Bought merchandise on a cash basis, P150,000.00 8- Sold merchandise on a cash basis, P70,000.00 9 - Purchase merchandise on account, P50,000.00 15 - Full payment of the merchandise purchased on account last Jan. 9. 30 - Gadiano got cash for personal use amounting, P5,000.00 31 - Paid monthly expenses. Salary-P4,500.00, Electricity - P2,000.00 and water - P600.00
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