Question: answer for journalizing, posting and trial balance 1 S. Roces opened an air-conditioning service and repair shop and began business by investing 150,000 cash and

answer for journalizing, posting and trial balance

1 S. Roces opened an air-conditioning service and repair shop and began business by investing 150,000 cash and the following additional assets; office equipment 35,000; truck 105,000

5 Paid the rent of the shop 5,000

7 Purchased 7,200 of repair supplies on credit from A. Fuentes

9 Purchased for cash a new computer 24,500

10 Paid for newspaper advertising 15,000

15 Completed repair work for S. Valdez and received 4,500 cash

17 Completed repair work for P. Fernando 14,500. Accepted 5,000 and a promise to pay the balance in 30 days

18 Completed repair work for J. Estrada on credit 12,500

20 Received 800 from J.Estrada in partial payment of his account

25 Paid one-half of the account due to A. Fuentes

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