WebPaid 50% with balance on credit for 30 days 8 – Bought repair supplies for cash P7,500. 9 – Collected cash of P1,500 for cell phone repair services. 10 – Billed Madison Corp. P7,500 for computer repair services rendered. 14 – Summary of cash received P8,000 from customers and a promissory note for P2,500 for computer repair services. 15 – Signed a contract … WebThe new accounting equation would be: Assets $30,200 (Cash $13,900 + Supplies $500 + Prepaid Rent $1,800 + Equipment $5,500 + Truck $8,500) = Liabilities $200 + Equity …
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WebPurchased additional repair supplies P670 cash. Debit- Repair Supplies P670 Credit- Cash P670 10. Completed repair work for A. Martinez on credit, P9,800. Debit- Accounts … WebOn January 31, P11,500 of Repair Supplies was on hand. prepare the adjusted trial balance and a 12-column worksheet, prepare a ... 2024. During July, the following transactions were completed. July 1 Owner invested $11,300 cash in the company. 1 Purchased used truck for $7,520, paying $ ... 12 Billed customers $3,480 ...
WebIn this case, we can determine that the office supplies used up during the period with the formula as below: Office supplies used = Beginning office supplies + Bought-in office supplies – Ending office supplies. Office supplies used = 1,000 + 800 – 500 = 1,300. Likewise, the company ABC can make the journal entry for $1,300 of the office ... WebFeb 1 Ivy Santos invested P5,000 cash in Flawless Beauty Shop. 3 Bought manicure sets and other toiletries for shop use P1,500 cash. 5 Bought display cases, chairs and tables and standing mirror on account from Real. Beauty Supplies, P5,000. 6 Paid taxes and license for P300 cash. 12 Rendered services for cash P1,800. 15 Paid rent for the month ...
WebSolution for 10. Withdrew cash- P5,000 and supplies- P1,000. A. Cash 5,000 Supplies 1,000 Pachicks, Capital 6,000 B. Cash 5,000 Supplies Expense 1,000 Pachicks,… WebDuring the month, the company made purchases on account of $35,000 and made payments on account of $48,000. At October 31, 2016, the accounts payable balance is. During 2016, its first year of operations, Aida's Bakery had revenues of $65,000 and expenses of $35,000. The business had owner's drawings of $22,000.
WebDecrease in an asset, decrease in stockholders' equity. Purchased supplies for cash, $1,100. a. a. Increase in an asset, decrease in another asset. b. Increase in an asset, increase in a …
Web11 Purchased supplies for cash P9,000. 12 Purchased merchandise for cash P28,000. 15 Received refund for poor quality merchandise from supplier on cash purchases, P2,400. 17 Purchased merchandise from Harlow Distributors P26,880, FOB shipping Point, terms 2/10, n/30. 19 Paid freight on Jan 17 purchase P2,500. 24 Sold merchandise for cash P69,440. helloid eisdWebView full document. 3 5 Purchased repair supplies by issuing check in the amount of P4,500. 4 8 Repaired a customer’s computer billing him for P5,000. 5 10 Repaired a … hello id login cajon valleyWeb101 Cash P 9,400 102 Accounts receivable 13,700 103 Supplies 700 104 Equipment 10,000 201 Accounts payable P 5,200 202 Notes payable 12,000 301 J.Lopez, Capital 39,000 302 J.Lopez, Drawing 2,008 401 Sales 45,300 402 Sales discount 900 403 Sales return and allowances 304 501 Purchases 56,800 502 Purchase returns and allowances 800 503 … helloid login eisdWeb8 Repaired a customer's computer billing him for ₱5,000 10 Repaired a customer's computer for ₱8,800 of which 80% was collected with the balance on account. 12 Received andpaid the telephone bill by issuing check in the amount of ₱3,000. 13 Purchased repair supplies by issuing a check in the amount of ₱3,000. helloid seinWebPurchased P1,200 of repair supplies on credit from A. Fuentes. 4. Purchased for cash a new typewriter, P14,500. 5. Paid for newspaper advertising, P1,500. 6. Completed repair work for S. Valdez and received P1,500 cash. 7. Completed repair work for P. Fernando P1,450. Accepted P800 and a promise to pay the balance in 30 days. 8. hello id hermosa valleyWebFor example, on March 18, 2024, the company ABC purchases $ 1,000 of office supplies by paying with cash immediately. In this case, the company ABC can make the journal entry … helloidol大力女都奉顺WebDate Account Name/Explanation P.R Debit Credit Sept. 3 Cash x 35,000 Repair Equipment x 15,000 W. Madison, Capital x 50,000 5 Office Supplies x 3,900 Cash x 3,900 8 Prepaid Insurance x 7,200 Cash x 7,200 10 Repair Equipment x 5,000 Accounts Payable x 5,000 12 Cash x 10,800 Repair Service Revenue x 10,800 15 Accounts Payable x 2,500 Cash x 2,500 hello ih