Instruction use table and use explanation in journalizing

Activity 2: Journalizing and Posting: The following were the transactions of Mary Cris Cusi

during the period January 2021:

Jan. 8 Services worth P150,000 were rendered for cash.

Jan. 9 Services worth P200,000 were rendered on account.

Jan. 10 Cash amounting to $25,000 was disbursed for advertising expenses.

Jan. 11 Accounts receivable of P180,000 were collected.

Jan. 12 The owner made a withdrawal of P10,000 cash from the business.

Requirements:

a. Provide the journal entries.

b. Post the journal entries to the ledger then determine the balances of the accounts.

Activity 3: The following transactions are from November of the previous year. Record the transactions following the Pro Forma of the General Journal. Indicate the dates and provide a brief explanation for each journal entry. Use a separate sheet of paper or use the back part of your printed module. Transactions: Nov. 1 A business owner provides P2,000,000 cash as an investment to the business Nov. 5 The business obtains a P500,000 loan and issues a promissory note. Nov. 8 The business acquires equipment costing P1,000,000 on a cash basis. Nov. 16 The business purchases supply worth P200,000 on a cash basis. Nov. 30 The business rendered services for P300,000 on a cash basis