The following are the transaction of Pearson Hardman Consultancy, owned and managed by Jessica Pearson, for...

Transcribed Image Text:

The following are the transaction of Pearson Hardman Consultancy, owned and managed by Jessica Pearson, for the month of January 2021 2021 Jan. 3 Jan. 5 Jan. 6 Jan. 7 Jan. 11 Jan. 15 Jan. 18 Jan. 20 Jan. 22 Jan. 25 Jan. 28 Jan. 30 The owner borrowed Php 50,000 from a bank on behalf of the business The owner put Php 30,000 in the business Paid insurance premium, Php 2,000 Bought tools, paying Php 20,000 Bought office computer set with a price of Php 24,000 on account Paid rental for one month, Php 5,000 Received cash of Php 40,000 as payment for repair services rendered Done repair services worth Php 35,000. The client promises to pay next month Paid light and water bill, Php 4,000 Paid 60% of the obligation in transaction on Jan. 11 The customer paid ahead of time 80% of the account dated Jan. 20 The proprietor used business entity's money, Php 2,000, for her personal need Requirements: 1. Journalize the transaction 2. Create T-accounts 3. Prepare a Trial Balance (Follow the ALORE format) The following are the transaction of Pearson Hardman Consultancy, owned and managed by Jessica Pearson, for the month of January 2021 2021 Jan. 3 Jan. 5 Jan. 6 Jan. 7 Jan. 11 Jan. 15 Jan. 18 Jan. 20 Jan. 22 Jan. 25 Jan. 28 Jan. 30 The owner borrowed Php 50,000 from a bank on behalf of the business The owner put Php 30,000 in the business Paid insurance premium, Php 2,000 Bought tools, paying Php 20,000 Bought office computer set with a price of Php 24,000 on account Paid rental for one month, Php 5,000 Received cash of Php 40,000 as payment for repair services rendered Done repair services worth Php 35,000. The client promises to pay next month Paid light and water bill, Php 4,000 Paid 60% of the obligation in transaction on Jan. 11 The customer paid ahead of time 80% of the account dated Jan. 20 The proprietor used business entity's money, Php 2,000, for her personal need Requirements: 1. Journalize the transaction 2. Create T-accounts 3. Prepare a Trial Balance (Follow the ALORE format)

Answer rating: 100% (QA)

The image displays a list of transactions for Pearson Hardman Consultancy for January 2021 To fulfill the requirements Ill guide you through the process of journalizing the transactions creating Tacco... View the full answer