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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
