Make a Journal Entry, T-Accounts and Trial Balance Christine Resultay is an experienced events planner. The transactions

Make a Journal Entry, T-Accounts and Trial Balance

 

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Christine Resultay is an experienced events planner. The transactions and accounts the business are as follows: a. Invested P100,000 in cash to start her own business. Paid P5,000 for one month's rent. b. c. Bought office furniture for P15,000 in cash. d. Received delivery of laptop computer, PS4,000. Paid 50% down, balance due in 30 days. e. Performed services for P12,000 in cash. 1. Performed services for P10,800 on credit. & Acquired a fax machine for P7,500; paid P3,000 in cash, balance due in 10 days. h. Received P5,400 from clients on account. 1. Paid P10,000 for salaries. k. Settled in full the P4,500 balance for the fax machine. Received P7,000 in cash for services performed. 1. Performed services for P12,000 on credit. m. Paid P1,350 for the monthly telephone bill. n. Paid P2,400 for the electric and water bills. o. Collected P2,000 from clients on account. p. Resultay withdrew P7,000 in cash for personal expenses. Christine Resultay is an experienced events planner. The transactions and accounts the business are as follows: a. Invested P100,000 in cash to start her own business. Paid P5,000 for one month's rent. b. c. Bought office furniture for P15,000 in cash. d. Received delivery of laptop computer, PS4,000. Paid 50% down, balance due in 30 days. e. Performed services for P12,000 in cash. 1. Performed services for P10,800 on credit. & Acquired a fax machine for P7,500; paid P3,000 in cash, balance due in 10 days. h. Received P5,400 from clients on account. 1. Paid P10,000 for salaries. k. Settled in full the P4,500 balance for the fax machine. Received P7,000 in cash for services performed. 1. Performed services for P12,000 on credit. m. Paid P1,350 for the monthly telephone bill. n. Paid P2,400 for the electric and water bills. o. Collected P2,000 from clients on account. p. Resultay withdrew P7,000 in cash for personal expenses.

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a Journal Entry Date Description Debit Credit 412018Invested in cash to start her own business 10000... View the full answer