Question: Il. Journalizing, Posting and Preparing a Trial Balance Maju Sai opened a computer shop in Gomez St., Tacloban City. Record the completed transactions during the

 Il. Journalizing, Posting and Preparing a Trial Balance Maju Sai opened

Il. Journalizing, Posting and Preparing a Trial Balance Maju Sai opened a computer shop in Gomez St., Tacloban City. Record the completed transactions during the first month of its operation using the given chart of accounts. Chart of Accounts Cash M. Sai, Capital Accounts Receivable M. Sai, Drawing Unsused Office Supplies Computers Service Income Salaries Expense Accounts Payable Taxes and Licences Transactions: Sept.1-Maju Sai invested cash amounting to 700,000. 2-Bought Computers on account from Joebz Computer Sales and Service amounting to P550,000. 3-Bought office supplies for cash, P50,000. 5-Maju Sai withdrew for her personal use, P25,000. 7-Paid P10,000 for business permits, etc. 14-Received cash, P170,000 for services rendered. 30-Paid salaries to office staff, P30,000. Required: 1. Journalize the Transaction 2. Post the journal entries to the ledger or T-Account 3. Prepare a Trial Balance

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