Shining Printing House, owned by Angel, had the following transaction in February 2021. Feb 1 -...

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Shining Printing House, owned by Angel, had the following transaction in February 2021. Feb 1 - Angel invested the following: Cash in Bank Printing Equipment Building Equipment 2- Paid the following: Php 300,00.00 600,000.00 150,000.00 Taxes and licenses Php 10,000.00 Rent Expense 8,000.00 3- Received cash for printing services, Php 40,000.00 4- Bought office supplies on account, Php 10,000.00 6 - Billed the customer for various services, Php 60,000.00 8 - Paid the advertising for six months period, Php 15,000.00 10 - Received notes from customer for various services, Php 30,000.00 12 - Received check amounting to Php 25,000.00 as partial payment of February 6 billing. The check was deposited immediately. 14 - Withdraw Php 10,000.00 for personal use. 15- Paid the salaries of the workers equivalent to one-half of the monthly pay, Php 10,000.00 16 - Issued check as payment of office supplies 18 - Received cash for services rendered, Php 40,000.00 The cash remain in the vault 20 - Collected the balance of February 6 billing 24- Billed the customer for various services, Php 75,000.00 25 - Collected one-half of the notes on February 10 28 - Purchased office supplies on account Php 15,000.00 - Paid the following: REQUIRED: Transportation expense Php 3,000.00 Light and water 15,000.00 Salaries for the remaining one-half 1. Record the transactions in a two-column general journal. 2. Post the entries to the general ledger. 3. Prepare trial Balance. Shining Printing House, owned by Angel, had the following transaction in February 2021. Feb 1 - Angel invested the following: Cash in Bank Printing Equipment Building Equipment 2- Paid the following: Php 300,00.00 600,000.00 150,000.00 Taxes and licenses Php 10,000.00 Rent Expense 8,000.00 3- Received cash for printing services, Php 40,000.00 4- Bought office supplies on account, Php 10,000.00 6 - Billed the customer for various services, Php 60,000.00 8 - Paid the advertising for six months period, Php 15,000.00 10 - Received notes from customer for various services, Php 30,000.00 12 - Received check amounting to Php 25,000.00 as partial payment of February 6 billing. The check was deposited immediately. 14 - Withdraw Php 10,000.00 for personal use. 15- Paid the salaries of the workers equivalent to one-half of the monthly pay, Php 10,000.00 16 - Issued check as payment of office supplies 18 - Received cash for services rendered, Php 40,000.00 The cash remain in the vault 20 - Collected the balance of February 6 billing 24- Billed the customer for various services, Php 75,000.00 25 - Collected one-half of the notes on February 10 28 - Purchased office supplies on account Php 15,000.00 - Paid the following: REQUIRED: Transportation expense Php 3,000.00 Light and water 15,000.00 Salaries for the remaining one-half 1. Record the transactions in a two-column general journal. 2. Post the entries to the general ledger. 3. Prepare trial Balance.

Answer rating: 100% (QA)

Ill help you record and organize the transactions Heres the journal entries Date Account Title and Explanation Debit Php Credit Php Feb 1 Cash in Bank 600000 Building Equipment 150000 Printing Equipme... View the full answer