Please plot the transactions in the transaction analysis worksheet provided. Further, you have to journalize each of the transactions after placing the accounts on the transaction analysis worksheet. Assets:
Please plot the transactions in the transaction analysis worksheet provided. Further, you have to journalize each of the transactions after placing the accounts on the transaction analysis worksheet.
Assets:
- Cash
Accounts Receivable - Office Supplies
- Land
- Building
- Office Furniture
Liabilities:
- Accounts Payable
Owner's Equity
- Pascual, Capital
Revenue:
- Service Income
Expenses:
- Utilities Expense
- Permits and Licenses
- Salaries Expense
January
2 – Paid permits and licenses to the government, Php 3,500.00
4 - Purchased Office Furniture on account to CITI Appliance, Php 15,400.00
7 - Signed a contract with a university for utility services at a rate of Php 30,000.00per month
10 - Received cash from various customers for services rendered,Php32,000.00
11 - Rendered utility services on account, Php 20,000.00
12 - Purchased office supplies in cash for office use, Php 5,000.00
14 - Paid installation of water and telephone in the office, Php 7,200.00
15 - Received cash of Php 57,000.00 for utility services rendered.
17 - Rendered utility services worth Php 35,000.00. Only Php 15,000.00 cash was received. The balance is on account.
20 - Paid 50% of the account on January 4
23 - Collected 60% of the account on January 11
25 - Received a bill from DapCWD for water consumption of the month, Php 315.00
26 - Received telephone bill from CruzTelCo for telephone usage of the month, Php 500.00
28 - Withdrew Php 50,000.00 cash from the business for personal use.
30 - Paid salaries of utility workers, Php 20,000.00
Write down your answers here.
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