Activity Instructions 1. Label properly the journal and the ledger. 2. Record the business transactions in the two-column general journal. 3. Post the entries to the ledger. 4. Foot the ledger. 5. Prepare the trial balance. Use the following account titles to record business transactions: Cash Accounts receivable Office furniture and fixtures Accounts payable Yvone Iris Salcedo, Capital Yvone Iris Salcedo, Drawing Sales Purchases Store supplies expense Office supplies expense Utilities expense Taxes and license Gasoline and oil Salaries and wages Rent expense Business Transactions Yvone Iris Salcedo opened her small poultry products business with the approved trade name of Fresh Poultry Store. The business is located at Jalipa Street, Pigcawayan, Cotabato. She made an initial investment of Php350,000 in the form of cash. Bought office furniture and fixtures from Hyzel Company amounting to Php40,000 as Dec 1 2
Activity Instructions 1. Label properly the journal and the ledger. 2. Record the business transactions in the two-column general journal. 3. Post the entries to the ledger. 4. Foot the ledger. 5. Prepare the trial balance. Use the following account titles to record business transactions: Cash Accounts receivable Office furniture and fixtures Accounts payable Yvone Iris Salcedo, Capital Yvone Iris Salcedo, Drawing Sales Purchases Store supplies expense Office supplies expense Utilities expense Taxes and license Gasoline and oil Salaries and wages Rent expense Business Transactions Yvone Iris Salcedo opened her small poultry products business with the approved trade name of Fresh Poultry Store. The business is located at Jalipa Street, Pigcawayan, Cotabato. She made an initial investment of Php350,000 in the form of cash. Bought office furniture and fixtures from Hyzel Company amounting to Php40,000 as Dec 1 2
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter3: Journalizing Transactions
Section: Chapter Questions
Problem 1SDP
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