Journalize the transactions, Prepare the T-Accounts and the Trial Balance. July 4 5. James invested cash of P1,000,000 Bought Office Equipment at P20,000 cash Withdrew cash P70,000 for personal use Rendered services to Mr. Sy P40,000 on account Paid secretaries' salaries for P6,000 Bought supplies on account P2,000 15 21 30

Journalize the transactions, Prepare the T-Accounts and the Trial Balance. July 4 5. James invested cash of P1,000,000 Bought Office Equipment at P20,000 cash Withdrew cash P70,000 for personal use Rendered services to Mr. Sy P40,000 on account Paid secretaries' salaries for P6,000 Bought supplies on account P2,000 15 21 30

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 9PB: Prepare journal entries to record the following transactions. Create a T-account for Cash, post any...

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Prepare journal entries to record the following transactions. Create a T-account for Cash, post any entries that affect the account, and calculate the ending balance for the account. Assume a Cash beginning balance of $37,400. A. May 12, collected balance due from customers on account, $16,000 B. June 10, purchased supplies for cash, $4,444
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