Mr. Santos opened a barber shop called "Gupitan Sop" on February 1, 2013. The following were the transactions during the first week of operations. These requirements should be done completely. This can't be asked in another question. Thank you Requirements: A. Provide the journal entries B. Post the entries to the ledger (use T-accounts) C. Prepare the unadjusted trial balance February - Transactions 1 - Provided ₱300,000 cash as initial investment to the business. 2 - Acquired furniture and fixture for ₱200.00 cash 4 - Purchased supplies for ₱30,000 cash 5 - Rendered services worth ₱20,000 on cash basis 7 - Paid ₱10,000 salaries of employees
Mr. Santos opened a barber shop called "Gupitan Sop" on February 1, 2013. The following were the transactions during the first week of operations. These requirements should be done completely. This can't be asked in another question. Thank you Requirements: A. Provide the journal entries B. Post the entries to the ledger (use T-accounts) C. Prepare the unadjusted trial balance February - Transactions 1 - Provided ₱300,000 cash as initial investment to the business. 2 - Acquired furniture and fixture for ₱200.00 cash 4 - Purchased supplies for ₱30,000 cash 5 - Rendered services worth ₱20,000 on cash basis 7 - Paid ₱10,000 salaries of employees
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 3PB: On October 1, 2016, Jay Pryor established an interior decorating business, Pioneer Designs. During...
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Mr. Santos opened a barber shop called "Gupitan Sop" on February 1, 2013. The following were the transactions during the first week of operations. These requirements should be done completely. This can't be asked in another question. Thank you
Requirements:
A. Provide the
B.
C. Prepare the unadjusted
February - Transactions
1 - Provided ₱300,000 cash as initial investment to the business.
2 - Acquired furniture and fixture for ₱200.00 cash
4 - Purchased supplies for ₱30,000 cash
5 - Rendered services worth ₱20,000 on cash basis
7 - Paid ₱10,000 salaries of employees
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