iwer sheet provided. The first journal entry has been done as an example. e trial balance...

  

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iwer sheet provided. The first journal entry has been done as an example. e trial balance for the following transactions of Locsin Decorators. Use the For the month of April 2020: (1) journalize, (2) post, and (3) prepare Tina Locsin established Locsin Decorators and invested P640,000 cash. 1 Purchased P45,500 of office equipment on account. Bought P15,750 of office supplies for cash, . Purchased a small truck for P840,000 paying P280,000 in cash and issuing a note payable for balance. 10 Purchased office supplies on account, P15,750. 15 Completed a job and received P35,000. 20 Paid insurance premiums, P42,000. CC CAC Paid P45,500 due on purchase of office equipment. 22 26 Completed a job and billed client P70,000 30 Paid rent for the month, P21,000. iwer sheet provided. The first journal entry has been done as an example. e trial balance for the following transactions of Locsin Decorators. Use the For the month of April 2020: (1) journalize, (2) post, and (3) prepare Tina Locsin established Locsin Decorators and invested P640,000 cash. 1 Purchased P45,500 of office equipment on account. Bought P15,750 of office supplies for cash, . Purchased a small truck for P840,000 paying P280,000 in cash and issuing a note payable for balance. 10 Purchased office supplies on account, P15,750. 15 Completed a job and received P35,000. 20 Paid insurance premiums, P42,000. CC CAC Paid P45,500 due on purchase of office equipment. 22 26 Completed a job and billed client P70,000 30 Paid rent for the month, P21,000.

Answer rating: 100% (QA)

Journal Entries Date Account Title and Explanation Debit Credit 1Apr Cash 640000 ... View the full answer