Question: I NEED A CORRECT ANSWER. PLEASE Prepare the JOURNAL ENTRY to record the transactions of DALISAY Tailoring Shop for the month of January 2017 and

 I NEED A CORRECT ANSWER. PLEASE Prepare the JOURNAL ENTRY to

I NEED A CORRECT ANSWER. PLEASE

Prepare the JOURNAL ENTRY to record the transactions of DALISAY Tailoring Shop for the month of January 2017 and POST IT TO THE LEDGER. 1 Mr. Dalisay made the following investment: i. Cash ii. SEWING Machine P80,000 20,000 3 mno 5 7 8 Purchased furniture for cash , P10,000. Purchased supplies for cash,P3,000. Paid the January 2017 rent, P2,000. Acquired additional equipment (two sewing machine @ P15,000 each). Terms: P10,000 down, the balance On six monthly installment. 15 Paid the semi-monthly payroll,P2,000 with the following deductions; SSS Premium Payable,P66.00, Medicare Payable, P12,00, With holding Taxes Payable,P14.00. 15 Received cash for services rendered, P15,000. 20 Sent a bill to customer for services rendered,P5,000. 22 Received a note for a customer for services rendered,P5,000. 27 Purchased supplies for cash, P500. 31 Paid salaries for two weeks, P2,000. (use same deductions on January 15,2017) 31 Withdrew cash for personal use, P500.00

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