Manually journalize the following:a. Bank transfer from any bank to 1612CN amounting P30,000b. cash Payment amounting P1000 to Acme Corporation.c. the company issued ordinary share capital worth of P 5,000, payment received anddeposited on its GBP Bank Account 1Dr. GBP Bank Account 1P 5,000Cr. Ordinary Share CapitalP 5,000d. the company recorded a Salary Expense worth of P 2500, paid for through thecompany's GBP Bank Account 1.Dr. Salaries and WagesP 2500Cr. GBP Bank Account 1P 25002e. the company will pay a total of P 1500 from the Petty Cash fund for transportationrelated expenses. This transaction is still subject to supervisor's approval.

Journal Entries : Date Particulars Debit (P) Credit (P) 1 Bank a/c 30,000 1612CN a/c…

Answered: Manually journalize the following:

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 6AP

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Similar questions

To demonstrate the difference between cash account activity and accrual basis profits (net income), note the amount each transaction affects cash and the amount each transaction affects net income. A. issued stock for cash $20,000 B. purchased supplies inventory on account $1,800 C. paid employee salaries; assume it was current days expenses $950 D. paid note payment to bank (principal only) $1,200 E. collected balance on accounts receivable $4,750
Provide journal entries to record each of the following transactions. For each, also identify *the appropriate section of the statement of cash flows, and s utility bill, $1,500
Discuss how each of the following transactions for Watson, International, will affect assets, liabilities, and stockholders equity, and prove the companys accounts will still be in balance. A. An investor invests an additional $25,000 into a company receiving stock in exchange. B. Services are performed for customers for a total of $4,500. Sixty percent was paid in cash, and the remaining customers asked to be billed. C. An electric bill was received for $35. Payment is due in thirty days. D. Part-time workers earned $750 and were paid. E. The electric bill in C is paid.
Krespy Corp. has a cash balance of $7,500 before the following transactions occur: A. received customer payments of $965 B. supplies purchased on account $435 C. services worth $850 performed, 25% is paid in cash the rest will be billed D. corporation pays $275 for an ad in the newspaper E. bill is received for electricity used $235. F. dividends of $2,500 are distributed What is the balance in cash after these transactions are journalized and posted?

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