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He bought a service vehicle worth P47,000; paid P10,000 and He billed P22,500 from customers for cleaning services rendered. on a separate sheet of paper. Atienza, Capital Atienza, Withdrawals Cleaning Revenues Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense Cash Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Accounts Receivable Notes Payable Accounts Payable He invested P62,000 cash in his business. Feb. 1 He acquired cleaning equipment on account amounting to P15,600. 6. the balance will be paid within 30 days; issued a note payable. He paid P7,300 for the rent. He received P31,800 cash for cleaning services rendered. He paid P1,700 for a newspaper advertisement. He bought an insurance premium covering 6 months, recorded as prepaid insurance for P4,800. He paid P9,000 on account. He paid P2,200 for miscellaneous expenses. He billed customers with P18,600 for cleaning services rendered. He paid P8,400 for salaries. 10 13 14 15 16 20 He collected P9,800 from the customers on account last February15. 22 He paid the note payable worth P2,400. 25 He paid P900 for the telephone bill. 28 He paid P1,700 for the salaries of full-time and part-time employees. 28 28 He withdrew P10.000 from the business. 76l2

He bought a service vehicle worth P47,000; paid P10,000 and He billed P22,500 from customers for cleaning services rendered. on a separate sheet of paper. Atienza, Capital Atienza, Withdrawals Cleaning Revenues Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense Cash Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Accounts Receivable Notes Payable Accounts Payable He invested P62,000 cash in his business. Feb. 1 He acquired cleaning equipment on account amounting to P15,600. 6. the balance will be paid within 30 days; issued a note payable. He paid P7,300 for the rent. He received P31,800 cash for cleaning services rendered. He paid P1,700 for a newspaper advertisement. He bought an insurance premium covering 6 months, recorded as prepaid insurance for P4,800. He paid P9,000 on account. He paid P2,200 for miscellaneous expenses. He billed customers with P18,600 for cleaning services rendered. He paid P8,400 for salaries. 10 13 14 15 16 20 He collected P9,800 from the customers on account last February15. 22 He paid the note payable worth P2,400. 25 He paid P900 for the telephone bill. 28 He paid P1,700 for the salaries of full-time and part-time employees. 28 28 He withdrew P10.000 from the business. 76l2

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter3: Processing Accounting Information
Section: Chapter Questions
Problem 3.12MCE: Determining an Ending Account Balance Jessies Accounting Services was organized on June 1. The...
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He billed P22,500 from customers for cleaning services rendered. 28 He paid P1,700 for the salaries of full-time and part-time the balance will be paid within 30 days; issued a note He bought a service vehicle worth P47,000; paid P10,000 and on a separate sheet of paper. Atienza, Capital Atienza, Withdrawals Cleaning Revenues Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense Cash Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Accounts Receivable Notes Payable Accounts Payable as Feb. 1 He invested P62,000 cash in his business. P15,600. 6. balance will be paid within 30 days; issued a nofe payable. 7 He paid P7,300 for the rent. He received P31,800 cash for cleaning services rendered. He paid P1,700 for a newspaper advertisement. He bought an insurance premium covering 6 months, recorded 10 12 as prepaid insurance for P4,800. He paid P9,000 on account. He paid P2,200 for miscellaneous expenses. He billed customers with P18,600 for cleaning services rendered. 13 14 15 16 He paid P8,400 for salaries. 20 He collected P9,800 from the customers on account last February15. 22 He paid the note payable worth P2,400. 25 He paid P900 for the telephone bill. He paid P1,700 for the salaries of full-time and part-time employees. 28 28 He withdrew P10.000 from the business. 908 09 102
Transcribed Image Text:He billed P22,500 from customers for cleaning services rendered. 28 He paid P1,700 for the salaries of full-time and part-time the balance will be paid within 30 days; issued a note He bought a service vehicle worth P47,000; paid P10,000 and on a separate sheet of paper. Atienza, Capital Atienza, Withdrawals Cleaning Revenues Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense Cash Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Accounts Receivable Notes Payable Accounts Payable as Feb. 1 He invested P62,000 cash in his business. P15,600. 6. balance will be paid within 30 days; issued a nofe payable. 7 He paid P7,300 for the rent. He received P31,800 cash for cleaning services rendered. He paid P1,700 for a newspaper advertisement. He bought an insurance premium covering 6 months, recorded 10 12 as prepaid insurance for P4,800. He paid P9,000 on account. He paid P2,200 for miscellaneous expenses. He billed customers with P18,600 for cleaning services rendered. 13 14 15 16 He paid P8,400 for salaries. 20 He collected P9,800 from the customers on account last February15. 22 He paid the note payable worth P2,400. 25 He paid P900 for the telephone bill. He paid P1,700 for the salaries of full-time and part-time employees. 28 28 He withdrew P10.000 from the business. 908 09 102
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