घने Assessmment on a separate answer sheet Masunurin, Capital Cash Accounts Receivable Laundry Revenues Salaries Expense Rent Expense Utilities Expense Miscellaneous Expense Supplies Prepaid Insurance Equipment Furniture and Fixtures Accounts Payable oalanuary 1, 2017, Jatme Masunurin opened BLS Launa were completed: business. b. He baught chairs.and à table and paid" them with P5.700 cash. c. He bought supplies on account from Morong Supply inc P3,250. d. He paid P5,750 for the monthly rental of the place. e. He bought washing machines, and dryers, from Bataan Equipment Corp. amounting to P115,000. He paid them with P35,000 in cash and the balance on account. f. He earned P19,250 revenues on cash basis for the first half of the month. g. Hẹ bought insurance for one year for P5,800. h. He paid accounts to Bataan Equipmént Corp. worth P7,000. i. He paid P7,000 for the electric bill. j. He earned P12,350 revenues on cash basis for the second half of the month. k. He paid P7,400 for the salaries of the part-time assistants. 1. He withdrew P4,500 cash for personal use. m. He paid accounts to Morong Supply Inc. worth P2,750. n. He paid P2,800 to the city government for sidewalk repair assessment. 0. He paid miscellaneous expenses for the month worth P1,000. ~END~
घने Assessmment on a separate answer sheet Masunurin, Capital Cash Accounts Receivable Laundry Revenues Salaries Expense Rent Expense Utilities Expense Miscellaneous Expense Supplies Prepaid Insurance Equipment Furniture and Fixtures Accounts Payable oalanuary 1, 2017, Jatme Masunurin opened BLS Launa were completed: business. b. He baught chairs.and à table and paid" them with P5.700 cash. c. He bought supplies on account from Morong Supply inc P3,250. d. He paid P5,750 for the monthly rental of the place. e. He bought washing machines, and dryers, from Bataan Equipment Corp. amounting to P115,000. He paid them with P35,000 in cash and the balance on account. f. He earned P19,250 revenues on cash basis for the first half of the month. g. Hẹ bought insurance for one year for P5,800. h. He paid accounts to Bataan Equipmént Corp. worth P7,000. i. He paid P7,000 for the electric bill. j. He earned P12,350 revenues on cash basis for the second half of the month. k. He paid P7,400 for the salaries of the part-time assistants. 1. He withdrew P4,500 cash for personal use. m. He paid accounts to Morong Supply Inc. worth P2,750. n. He paid P2,800 to the city government for sidewalk repair assessment. 0. He paid miscellaneous expenses for the month worth P1,000. ~END~
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
He bought chairs and tables and paid them with P5, 700 cash?
Transcribed Image Text:घने
Assessmment
on a separate answer sheet
Masunurin, Capital
Cash
Accounts Receivable
Laundry Revenues
Salaries Expense
Rent Expense
Utilities Expense
Miscellaneous Expense
Supplies
Prepaid Insurance
Equipment
Furniture and Fixtures
Accounts Payable
oalanuary 1, 2017, Jatme Masunurin opened BLS Launa
were completed:
business.
b. He baught chairs.and à table and paid" them with P5.700
cash.
c. He bought supplies on account from Morong Supply inc
P3,250.
d. He paid P5,750 for the monthly rental of the place.
e. He bought washing machines, and dryers, from Bataan
Equipment Corp. amounting to P115,000. He paid them with
P35,000 in cash and the balance on account.
f. He earned P19,250 revenues on cash basis for the first half
of the month.
g. Hẹ bought insurance for one year for P5,800.
h. He paid accounts to Bataan Equipmént Corp. worth P7,000.
i. He paid P7,000 for the electric bill.
j. He earned P12,350 revenues on cash basis for the second
half of the month.
k. He paid P7,400 for the salaries of the part-time assistants.
1. He withdrew P4,500 cash for personal use.
m.
He paid accounts to Morong Supply Inc. worth P2,750.
n. He paid P2,800 to the city government for sidewalk repair
assessment.
0. He paid miscellaneous expenses for the month worth P1,000.
~END~
Expert Solution
Step 1
T accounts are the general ledger accounts which are used for posting of recorded journal entries. On the basis of t accounts balances, trial balance is being prepared.
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