Question: journal entry using periodic Time left 2:59:34 Hide Mr. Lopez invested P39,000 to the business Bought computer equipment for P10,000 cash W N - Bought

journal entry using periodic

journal entry using periodic Time left 2:59:34
Time left 2:59:34 Hide Mr. Lopez invested P39,000 to the business Bought computer equipment for P10,000 cash W N - Bought merchandise on account from LOWTOWN Supply Co. P15, 900, Term, 2/10, n/30 Bought office supplies on cash basis for P700 Sold merchandise on account P15,200 FOB Destination, terms 2/10, n/30. Cost of UT Merchandise P11,000 Paid P200 freight on April 5 sale Received credit memo from LOWTOWN Supply Co. for merchandise return P300 11 Paid LOWTOWN 13 Collected from April 5 customers 14 Bought merchandise on cash basis for P14,400 15 Salaries paid P1,500 16 Borrowed money from RCBC Bank, signed a promissory note for P12,000 17 Received refund from a supplier on cash purchase of April 14, P500. 18 Bought merchandise from MESDA, P14,200, FOB Shipping. term, 2/10, n/30 20 Paid freight on April 18 purchase P700 23 Sold merchandise for P16,400, Cost of merchandise P12,000. 26 Bought merchandise tor cash P12,300 27 Paid MESDA on April 18 purchase, P9.000. No discount allowed on partial payment 28 Lopez withdrew cash from the business for personal use, P2,008 29 Made refund to cash customer for defective merchandise, P900 30 Sold merchandise on account P13,700, term 2/10 n/30. Cost of merchandise P9,000. 30 Paid the following: Salaries P1,500, Advertising P1,000, Rent P3,500, Utilities P400. The ending inventory as of April 30 is P25,000

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