1. Necessary journal entries; and 2. Statement of financial position for the month ending January 31,...

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1. Necessary journal entries; and 2. Statement of financial position for the month ending January 31, 2020. RE F. 1 2 4 Based on the given information, do the following 6 Cash 3 Cash 7 Margarita, Capital ACCOUNTS NAME Furniture Cash Accounts Payable Unearned Income 5 Salary Expense Depreciation Furniture Accumulated Depreciation - Furniture Salary Payable Cash Cash Accounts Receivable Service Revenue JOURNAL ENTRY Rent Expense Cash 8 Electricity Expense Electricity Payable DEBIT P 100,000 30.000 20,000 1,000 15.000 20,000 20.000 10,000 3,000 CREDIT P 100,000 15,000 15.000 20,000 1,000 5,000 10,000 40,000 10,000 3,000 1. Necessary journal entries; and 2. Statement of financial position for the month ending January 31, 2020. RE F. 1 2 4 Based on the given information, do the following 6 Cash 3 Cash 7 Margarita, Capital ACCOUNTS NAME Furniture Cash Accounts Payable Unearned Income 5 Salary Expense Depreciation Furniture Accumulated Depreciation - Furniture Salary Payable Cash Cash Accounts Receivable Service Revenue JOURNAL ENTRY Rent Expense Cash 8 Electricity Expense Electricity Payable DEBIT P 100,000 30.000 20,000 1,000 15.000 20,000 20.000 10,000 3,000 CREDIT P 100,000 15,000 15.000 20,000 1,000 5,000 10,000 40,000 10,000 3,000

Answer rating: 100% (QA)

Here are the stepbystep workings 1 Initial Capital Contribution Dr Cash 100000 Cr Capital 100000 2 P... View the full answer