Question: Direction: using the general journal form provided for, journalize the following transactions: On march 1 of the current year, E Estrada opened a T.V repair
Direction: using the general journal form provided for, journalize the following transactions: On march 1 of the current year, E Estrada opened a T.V repair shop by investing P500,000 cash in the business. He had completed the following transactions in the said month. March 2 - Paid the rent on shop space for the month, P4,500 5 - Purchased shop supplies for cash, P16,700 7 - Paid P6,500 for newspaper advertising 8 - Purchased a filing cabinet from T. Agbayani Trading on credit P34,500 9 - Purchased a truck P150,000 on credit. Gave P30,000 cash and note for the balance 13 - Completed repair work to various customers and received P25,000 in full payment thereof 15 -Completed repair work for A. Tantay, P1,500 accepted P500 cash and a promissory note for the balance. 19 - Paid T. Agbayani trading. 25 - Received payment from A. Tantay. 26 - Paid utility bills, P750. 27 - Withdrew P5,000 cash for personal living expenses. 30 - Paid the helper's salary, P5,000
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