Question: I need help on this problem . Please submit your response as a pdf or docs. Link and picture of pdf/docs will do. Assignment Misty

I need help on this problem . Please submit your response as a pdf or docs. Link and picture of pdf/docs will do.

Assignment Misty Milk Tea hired you to journalize and post her business transactions for her 15-day operation. You will need to prepare a General and Special Journal as well as General and Subsidiary Ledger. Below are the transactions. > Started operation on February 1, 2020. Invested P250,000 cash and borrowed P50,000 from a lending institution. > On February 3, bought milk tea machines on account, P25,000. > Sales got P10,000 on February 4. > Hired an employee on February 5, with daily salary P550. > February 6 sales got P15,000. > February 9, a clinic nearby ordered P1,200 worth of milktea, payment will be on February 12. > February 10, got a bill from promo advertisement worth P5,000. >February 11, paid the promo advertisement. > February 12, received payment from February 9 transaction. >February 13, purchased supplies for milktea on account, P25,000. >February 14, paid P10,000 cash of February 3 payable. > February 15, received a bill for telephone P1,500 and water P1,000. Account titles Cash Accounts Payable Accounts Receivable Loan Payable Milk Tea Supplies Misty, Capital Milk Tea Machine Advertising Expense Sales Utility Expense
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
