Question: Please help make a Journalizing with short description and T accounts and Trial Balance Recording Transactions in T-Accounts and Preparing a Trial Balance Nancy Mulles
Please help make a Journalizing with short description and T accounts and Trial Balance

Recording Transactions in T-Accounts and Preparing a Trial Balance Nancy Mulles established the Mulles Data Encoders on May 15, 2015. The following transactions occurred during the month: a. Mulles invested P157,000 cash to establish the business. b. Bought office desks and filing cabinet for cash, P15,150. c. Mulles invested in the business her personal computer with a fair market value of P57,500. d. Bought computer software for use in the business from San Jose Computer Center for P39,000, paying P15,000 down; the balance is due in thirty days. e. Paid rent for the month, P5,300. f. Received cash for services rendered, P5,160. g. Ordered a panaflex sign for P9,000 from Royal Bright Enterprises, with P5,000 as down payment and the balance due when installed. h. Received bill for advertising from Buy and Sell Newspaper, P3,230. i. Bought print paper and stationery on account, P2,290. j. Received and paid electric bill, P1,240. k. Paid bill for advertising recorded previously in transaction (h). I. Received cash for services rendered, P10,900. m. Paid salaries to employees, P8,400. n. Mulles withdrew cash for personal use, P4,500
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To record these transactions using journal entries Taccounts and a trial balance follow these steps 1 Journalizing the Transactions Lets record each t... View full answer
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