1 3 5 8 12 14 22 26 28 30 Paid the monthly rent of $1,100. Performed dog grooming services for $140 on account. Performed dog grooming services for cash of $155. Purchased equipment for $260. The company paid cash of $80 and the balance was on account. Received cash from the customers billed on March 3. Paid salaries to employees of $565. Paid utilities of $162. Paid $190 for plumbing repairs. Paid the balance of the amount owed from the equipment purchase on March 8. Paid $1,770 for six months of insurance in advance.
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journalize the transations of this record ,list all debit before cridit.
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- V1801 January Kirill introduced $17,000 cash and a vehicle (costing $2,000) as capital01 January Purchased a machine by cash, $1,80001 January Received a bank loan principal $2,10002 January Purchased furniture on credit, $2,00017 January Invoiced a customer for services, $1,90021 January Bought goods for cash, $1,40022 January Sold goods on credit, $2,50031 January Accrued wages, $80031 January Paid interest expense, $10Cost of goods available at 31 January is $110, their market value is $140.RequiredPrepare:(iv) a statement of profit or loss (income statement) for the year to date;(v) a statement of financial position (balance sheet).Give the effects of the following transactions on ASSETS, LIABILITIES, OWNER’S EQUITY, REVENUES, AND EXPENSES. 7. Bought supplies, P300. 8. Partial payment of account with Villena’s Beauty Center,P3,000. 9. Receipts for the week,P5,000.Consider the following items for Wolverine Properties during 2024. On December 1, 2024, Wolverine received $3,300 cash from a company renting office space from Wolverine. The payment, representing rent for December and January, was recorded to Deferred Revenue on December 1. Revenue for other rentals totaled $127,000. Wolverine purchases a one-year property insurance policy on July 1, 2024, for $12,360. The payment was recorded in Prepaid Insurance for the entire amount on July 1. Wolverine had $5,800 in insurance costs for the first six months of the year. Employee salaries of $2,300 for the month of December will be paid in early January 2025. Salaries paid for the first 11 months of the year total $44,000. On November 1, 2024, the company borrowed $11,500 from a bank. The loan requires principal and interest at 12% to be paid on October 30, 2025. Office supplies at the beginning of 2024 totaled $930. On August 15, Wolverine purchased an additional $2,700 of office supplies,…
- Presented below are the transactions of Weirdo Beauty Salon for the month of January. 2020 Jan. 5 Received P25,500 from various customers as salon income 7 Purchased salon equipment on account, P7,500 8 Bought salon chairs and reception table from Plums Trading on account, P12,000 10 Returned defective chair to Plums Trading valued at P1,000 11 Made partial payment to Plums Trading P2,500 12 Purchased salon supplies paying P3,000 cash 15 The owner, Ms. Matutina, invested a table worth P1,750 Required: (a) Prepare the journal entries. (b) Prepare the T-Accounts.Presented below are the transactions of Weirdo Beauty Salon for the month of January. 2020 Jan. 5 Received P25,500 from various customers as salon income 7 Purchased salon equipment on account, P7,500 8 Bought salon chairs and reception table from Plums Trading on account, P12,000 10 Returned defective chair to Plums Trading valued at P1,000 11 Made partial payment to Plums Trading P2,500 12 Purchased salon supplies paying P3,000 cash 15 The owner, Ms. Matutina, invested a table worth P1,750 Required: (a) Prepare the journal entries. (b) Prepare the T-Accounts.USE MS EXCEL AND SHOW FORMULAS USEDThe following are the business transactions of Reyes Broiler farm for the month of March 2019. March 2 The owner borrowed P150,000 from Landbank to be used in the business. 4 Bought farm equipment P30,000. Terms: 50% down payment, balance on account. 5 Cash sales of broilers P15,000. 7 Purchased farm supplies P7,000 on credit. 10 Sales of broilers on account P10,000. 15 Paid the salaries of the farm workers P12,000. 18 Sales of broilers P12,000. 50% collected in cash , balance on account. 22 Bought additional farm supplies P5,000 and paid cash. 24 Paid the rent for the land P15,000. 25 Cash sales of broilers P30,000. 26 Paid Landbank P50,000. 27 Sales of broilers on account P14,000. 28…
- Julius Ceasar organized Eternal Images, a photography and portrait studio, on Oct. 1, 2020. The studio completed the following transactions during the month: Oct. 1 Deposited P350,000 in a bank account in the name of the business Oct. 3 Paid two month's rent in advance, P30,000 Oct. 5 Acquired photography equipment valued at P129,000. Oct.12 Purchased photography supplies on credit, P21,000. Oct.13 Received cash for previously unbilled portraits, P11,400. Oct.17 Billed customers for portraits, P22,500. Oct.19 Paid fifty percent of the supplies purchased on Oct. 12, P10,500. Oct.25 Paid electricity bill for Oct., P3,600 Oct.26 Paid the telephone bill for Oct., P2,100. Oct.28 Received payments from the customers billed on Oct. 17, P7500. Oct.29 Paid salaries to personnel, P12,000. Oct.30 Received an advance payment from a customer, P1,500. Oct.31 Withdrew P16,000 from the business for a personal…The following Journal entries occurred in 20191. SAS invested 100,000 in cash in the business.2. Purchased 3,000 of office supplies in cash.3. Purchased equipment for 20,000, paying 15,000 in cash and the rest is on account.4. A customer purchased goods on account for 10,0005. Withdrawals for personal expenses are 5,0006. Paid 2,000 in cash for the current month's rent.7. Paid 5,000 cash for insurance on the factory for 2 years.8. Received a bill for 1,000 for advertising for the current year.9. Paid $3,200 cash for office salaries and wages.10. SAS withdrew $2,500 from the business for living expenses.11. Received $3,000 from a client in payment on account for sales billed in transaction 4.12. Took a loan from XY Bank worth 20,000.13. Purchased a truch for $15,000 cash.14. Sold goods for 7,000 cash. 15. Received 8,000 in advance from a client for work to be done.The following adjustments were found necessary at the end of the year:1) The Truck depreciates using units of activity…john began an Upholstery cleaning business on October 1,2020 and engaged in the following transactions during the month: Began business by depositing 12,000 in a Clean & Premium ltd bank oct 1 : account oct 2 :Ordered Cleaning supplies 3,000 oct 3: Purchased cleaning equipment for 2,800. oct 4 : Made two months' van lease payment in advance, 1,200 Received the cleaning supplies ordered on (Oct 2) oct 7: and agreed to pay half the amount in 10 days, and the rest in 30 days oct 9: Paid for repairs on the van with cash, 1,080 oct 12 : Received cash for cleaning upholstery, 960. oct 17: Paid half the amount owed on supplies purchased on Oct 7, 1,500. oct 21 : Billed customers for cleaning upholstery, 1,340 oct 24 :Paid cash for additional repairs on the van, RM80 oct 27 : Received 600 from the customers billed on October 21. oct 31 Made a cash withdrawal of 700. you are Required to A : Prepare the general journal based on the above transactions. B:…
- The following transactions occurred for Murphy Delivery Service during December 2020 Dec. 1: Murphy Delivery Service began operations by receiving $22,000 cash and a truck with a fair value of $15,000 from Russ Murphy. The business issued Murphy shares of common stock in exchange for this contribution. Dec. 1: Paid $4,080 cash for a one-year insurance policy. The policy begins on December 1. Dec. 4: Paid $1,400 cash for office supplies Dec. 12: Performed delivery services for a customer and received $4,800 cash. Dec. 15: Completed a large delivery job, billed the customer, $11,400, and received a promise to collect the $11,400 within one week. Dec. 18: Paid employee salary, $3,600. Dec. 20: Received $7,850 cash for performing delivery services. Dec. 22: Collected $6,400 in advance for delivery service to be performed later. Dec. 25: Collected $11,400 cash from a customer on account. Dec. 27: Purchased fuel for the truck, paying $750 on the account. (Credit Accounts Payable) Dec. 28:…The Delivery Equipment account of Freedom Company showed the following details for 2022:Delivery Equipment01.01.22 Balance 1,500,00001.15 5,000 08.30 225,00009.30 535,000 10.31 180,000 Your examination disclosed the following:a. The P5,000 charged to the Delivery Equipment account on January 15, 2022 represents paymentof LTO registration fees for the company’s delivery equipment for the year 2022.b. The company bought a second-hand delivery truck on September 30 for P535,000, whichincludes P35,000 worth of comprehensive insurance for one year effective October 1, 2022.c. The company wrote-off a fully depreciated truck with an original cost of P225,000 on August 30;further verification disclosed that this truck is still being used by the company.d. The credit of P180,000 on October 31 represents proceeds from sale of one truck costingP350,000, which is 50% depreciated as of December 31, 2021.e. There is only one entry made to the Accumulated Depreciation account during 2022, a debit…Purchased supplies on account for OMR 10,500. June 6 Provided repair service to a customer, OMR 7,600. The customer paid OMR 3,000 and the remaining will be paid in the near future. June 10 Paid the remaining amount of OMR 1500 for the Computers bought June 2nd. June 15 Provided repair service to a customer on account, OMR 40,000. June 16 Purchased Computer Equipment by cash, OMR 15,000 June 23 Received cash from the customer who was billed on June 15th, OMR 40,000. June 24 Received cash from the customer who was billed on June 6th, OMR 4,600. June 30 Paid the Internet bill OMR 450 June 30 Amer paid monthly rent, OMR 550. June 30 Paid the Electricity bill, OMR 360