GENERAL JOURNAL ACTIVITY 2. RECORDING 101 The Problem: Express Delivery Service, owned and operated by Happy Antonio, began operation in June The following were business transactions for the said period of time: June 1 Happy made the following initial investment. Cash deposited in bank in the name Express Delivery Service P1,300,000 Delivery Van 800,000 4 Bought supplies for cash , P10,550 Bought fuel on account to tune the delivery truck, P1,000 Rendered delivery service on account, P 25,300 10 Received cash for delivery work done, P 12,450 15 Hired an office manager for monthly salary of P 28,000 17 Collection from cash customer, P18,900 20 Paid a advertising campaign through social media P10,000 5.
GENERAL JOURNAL ACTIVITY 2. RECORDING 101 The Problem: Express Delivery Service, owned and operated by Happy Antonio, began operation in June The following were business transactions for the said period of time: June 1 Happy made the following initial investment. Cash deposited in bank in the name Express Delivery Service P1,300,000 Delivery Van 800,000 4 Bought supplies for cash , P10,550 Bought fuel on account to tune the delivery truck, P1,000 Rendered delivery service on account, P 25,300 10 Received cash for delivery work done, P 12,450 15 Hired an office manager for monthly salary of P 28,000 17 Collection from cash customer, P18,900 20 Paid a advertising campaign through social media P10,000 5.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter2: The Accounting Information System
Section: Chapter Questions
Problem 22CE: Cornerstone Exercise 2-22 Transaction Analysis The Mendholm Company entered into the following...
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