Please answer. Thankyouuu DATETRANSACTIONS|March1Caleb tinvesteed P 50,000 cash and P 20,000 equipment to his KaizenConsultancy Services.Bought P 15,000 equipment from Triple M Co. on credit.36Consultancy services rendered on account P 12,000Paid Triple M Co., P5,000 as partial payment of account.67Consultancy services rendered for cash P8,0008Collected P3,000 from a customer.10Received electric bill from Meralco P 2,800.12Returned P 1,500 defective equipment to Triple M Co.Caleb withdrew P 9,000 from the company's bank account and deposited it to his13own account.14Paid electric bill to Meralco.15Caleb withdrevw P40,000 for his vacation.23Paid Triple M Co.,, in full.Caleb deposited P 14,000 to the company's bank account.2428Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb'spersonal plan.A. Construct T- Accounts for the Account titles used with the Normal Balance.B. Prepare the joumal entries of Kaizen Consultancy Services for the month of March,2019.

Journal entry Journal entry refers to an entry that is made to record the financial transactions in…

23 Paid Triple M Co., in full. Caleb deposited P 14,000 to the company's bank account. 24 28 Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb's personal plan. A. Construct T- Accounts for the Account titles used with the Normal Balance. B. Prepare the joumal entries of Kaizen Consultancy Services for the month of March, 2019

23 Paid Triple M Co., in full. Caleb deposited P 14,000 to the company's bank account. 24 28 Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb's personal plan. A. Construct T- Accounts for the Account titles used with the Normal Balance. B. Prepare the joumal entries of Kaizen Consultancy Services for the month of March, 2019

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter5: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 6CE

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March 1 Caleb tinvesteed P 50,000 cash and P 20,000 equipment to his Kaizen Consultancy Services. 3 Bought P 15,000 equipment from Triple M Co. on credit. 6 Consultancy services rendered on account P 12,000 6 Paid Triple M Co., P5,000 as partial payment of account. 7 Consultancy services rendered for cash P8,000 8 Collected P3,000 from a customer. 10 Received electric bill from Meralco P 2,800. 12 Returned P 1,500 defective equipment to Triple M Co. 13 Caleb withdrew P 9,000 from the company’s bank account and deposited it to his own account. 14 Paid electric bill to Meralco. 15 Caleb withdrew P40,000 for his vacation. 23 Paid Triple M Co.,, in full. 24 Caleb deposited P 14,000 to the company’s bank account. 28 Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb’s personal plan. Prepare the General Ledger for the given period. Prepare the Unadjusted Trial Balance
DATE TRANSACTIONS March 1 Caleb tinvesteed P 50,000 cash and P 20,000 equipment to his Kaizen Consultancy Services. 3 Bought P 15,000 equipment from Triple M Co. on credit. 6 Consultancy services rendered on account P 12,000 6 Paid Triple M Co., P5,000 as partial payment of account. 7 Consultancy services rendered for cash P8,000 8 Collected P3,000 from a customer. 10 Received electric bill from Meralco P 2,800. 12 Returned P 1,500 defective equipment to Triple M Co. 13 Caleb withdrew P 9,000 from the company’s bank account and deposited it to his own account. 14 Paid electric bill to Meralco. 15 Caleb withdrew P40,000 for his vacation. 23 Paid Triple M Co.,, in full. 24 Caleb deposited P 14,000 to the company’s bank account. 28 Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb’s personal plan. Construct T- Accounts for the Account titles used with the Normal Balance. Prepare the journal entries of Kaizen Consultancy Services for the month of March,…
DATE TRANSACTIONS March 1 Caleb tinvesteed P 50,000 cash and P 20,000 equipment to his Kaizen Consultancy Services. 3 Bought P 15,000 equipment from Triple M Co. on credit. 6 Consultancy services rendered on account P 12,000 6 Paid Triple M Co., P5,000 as partial payment of account. 7 Consultancy services rendered for cash P8,000 8 Collected P3,000 from a customer. 10 Received electric bill from Meralco P 2,800. 12 Returned P 1,500 defective equipment to Triple M Co. 13 Caleb withdrew P 9,000 from the company’s bank account and deposited it to his own account. 14 Paid electric bill to Meralco. 15 Caleb withdrew P40,000 for his vacation. 23 Paid Triple M Co.,, in full. 24 Caleb deposited P 14,000 to the company’s bank account. 28 Paid telephone bill for the month P9,600. This bill includes P 6,000 of Caleb’s personal plan. A. On the transaction summary table, indicate the effect of each transaction on each account, Put "+" if the account has increased or "-" if the account has…
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