Question: make a compound journal entry on the following problem. Explain how you get it Make a compound journal entry on the following problems. Problem 1.

make a compound journal entry on the following problem. Explain how you get it

Make a compound journal entry on the following problems. Problem 1. Jan. 2, 2019 Mr. Penduko invests an initial capital of P 5,000 for a trading business. Jan. 2, 2019 Mr. Penduko contributed P 6, 000 worth of tables and chairs for office use. Problem 2. Aug. 1 2021: Hashim Khan, the owner, invested 57,500 cash and 32,500 of photography equipment in the business. Problem 3. In March 2017, Farhan Rahim, started wholesaling business. Following transactions as follows: 1. He started a business with capital of 15,000 and Land worth 10,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Make a compound journal entry on the following problems Make a compound journal entry on the following problems. Problem 1. Jan. 2, 2019 Mr. Penduko invests an initial capital of P 5,000 for a...

Make a compound journal entry on the following problems. explain the process of getting it Make a compound journal entry on the following problems. Problem 1. Jan. 2, 2019 Mr. Penduko invests an...

(Click the icon to view the information) Premium Company reported the following variances (Click the icon to view the variances) Premium produced 1,000 units of finished product in 2018 Read the...

Golden Lake Company's Ashley Waldon is continuing her analysis of the company's position and believe the company will need to borrow $35,000 in order to expand operations. They consult Rapid River...

I need help with a last minute Accounting 1 assignment. My regular tutor is off the grid so I am looking for a replacement. I have created the outline for you and enclosed the rubric, plus all f the...

Please help me out with these questions! Thank you so much! Drive and Fly, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small...

Assume that you are the chief accountant for Eli's Consulting Services. The chart of accounts for Eli's Consulting Services has been expanded to include a few new accounts. Follow the instructions to...

4 Show Work Happy Carriper Company's Anya and Zavier Winter are continuing their analysis of the company's posilion and believe the company will need to borrow $20,000 in order to expand opcralions....

Question 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the...

Which of the following is NOT primarily neuron cell bodies and dendrites? a) gray matter b) dorsal horn c) cerebral cortex d) basal ganglia e) corpus callosum

Suppose management has left you out of the requirements definition process for the development of the system in question 2-2. Explain how you could use the knowledge you developed in answering this...

Question 1 7 Unit sales of wearable, miniature action - capture cameras are reliably projected to grow slower in North America than in Europe - Africa throughout Years - 6 - 1 5 . faster worldwide in...

The excess hole population illustrated below is established in an n-type silicon sample, Np = 1017 cm3. The minority carrier lifetime in this sample is 104s, the hole mobility is 640 cm2 /V-s, and...

Homework for Tensor calculus a = a,, +a,, + a,,, b = b, +b,, + b,,, = c,, +c,, + c,,, Calculate followings, by using (a) matrix notation and (b) tensor notation, and show the results from both (a)...

Identify Thank You 10 operation management decisions. Identify Thank you company what have they done about their layout, product design, process, location, human resources, supply chain, inventory,...

Lean Conductors Ltd is a mid-sized Public limited company engaged in the manufacture and sale of electrical cables. As a public limited company the organization was performing reasonably well,...

Thank you company what have they done about their layout, product design, process, location, human resources, supply chain, inventory, schedule and maintenance? Your answer must be checked in turnit...

Case study 12: Offering a service OFFERING A SERVICE Travel agencies have undergone many hardships in the past few years. The advance of technology has placed the owner of travel arrangements into...

10. How much time does it take between when we collect information until it is used in decision-making?

2. Ask questions, listen rather than attempt to persuade.

9. How much of the information collected will be used in decision-making?