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Directions: Establish the T-Accounts for the following accounts. Write your answers on a separate sheet of paper. Atienza, Capital Atienza, Withdrawals Cleaning Revenues Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense Cash Accounts Receivable Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Notes Payable Accounts Payable Lee Atienza recently established a business that will operate as Atienza Cleaning Service. The following are his transactions for February 2020: Feb. 1 He invested P62,000 cash in his business. He acquired cleaning supplies on account worth P21,400. He acquired cleaning equipment on account amounting to P15,600. 3 5 6. He bought a service vehicle worth P47,000; paid P10,000 and balance will be paid within 30 days; issued a note the payable. He paid P7,300 for the rent. He received P31,800 cash for cleaning services rendered. He paid P1,700 for a newspaper advertisement. He bought an insurance premium covering 6 months, recorded as prepaid insurance for P4,800. He paid P9,000 on account. He paid P2,200 for miscellaneous expenses. He billed customers with P18,600 for cleaning services rendered. He paid P8,400 for salaries. He collected P9,800 from the customers on account last February15. He paid the note payable worth P2,400. He paid P900 for the telephone bill. He paid P1,700 for the salaries of full-time and part-time employees. He billed P22,500 from customers for cleaning services rendered. 7 9. 10 12 13 14 15 16 20 22 25 28 28 28 He withdrew P10.000 from the business.

Directions: Establish the T-Accounts for the following accounts. Write your answers on a separate sheet of paper. Atienza, Capital Atienza, Withdrawals Cleaning Revenues Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense Cash Accounts Receivable Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Notes Payable Accounts Payable Lee Atienza recently established a business that will operate as Atienza Cleaning Service. The following are his transactions for February 2020: Feb. 1 He invested P62,000 cash in his business. He acquired cleaning supplies on account worth P21,400. He acquired cleaning equipment on account amounting to P15,600. 3 5 6. He bought a service vehicle worth P47,000; paid P10,000 and balance will be paid within 30 days; issued a note the payable. He paid P7,300 for the rent. He received P31,800 cash for cleaning services rendered. He paid P1,700 for a newspaper advertisement. He bought an insurance premium covering 6 months, recorded as prepaid insurance for P4,800. He paid P9,000 on account. He paid P2,200 for miscellaneous expenses. He billed customers with P18,600 for cleaning services rendered. He paid P8,400 for salaries. He collected P9,800 from the customers on account last February15. He paid the note payable worth P2,400. He paid P900 for the telephone bill. He paid P1,700 for the salaries of full-time and part-time employees. He billed P22,500 from customers for cleaning services rendered. 7 9. 10 12 13 14 15 16 20 22 25 28 28 28 He withdrew P10.000 from the business.

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 1E: Using the following revenue journal for Zeta Services Inc., identify each of the posting references,...
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Lea Atienza recently established a business that will operate as Atienza Cleaning Service

 

Directions: Establish the T-Accounts for the following accounts, Write your answers on a separate sheet of paper. Atienza, Capital Atienza, Withdrawals Cash Accounts Receivable Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Cleaning Revenues Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense Notes Payable Accounts Payable Lee Atienza recently established a business that will operate as Atienza Cleaning Service. The following are his transactions for February 2020: Feb. 1 He invested P62,000 cash in his business. 3 He acquired cleaning supplies on account worth P21,400. He acquired cleaning equipment on account amounting to P15,600. 5 He bought a service vehicle worth P47,000; paid P10,000 and balance will be paid within 30 days; issued a note 6 the payable. He paid P7,300 for the rent. He received P31,800 cash for cleaning services rendered. He paid P1,700 for a newspaper advertisement. He bought an insurance premium covering 6 months, recorded as prepaid insurance for P4,800. He paid P9,000 on account. He paid P2,200 for miscellaneous expenses. He billed customers with P18,600 for cleaning services rendered. He paid P8,400 for salaries. He collected P9,800 from the customers on account last 7 10 12 13 14 15 16 20 February15. He paid the note payable worth P2,400. He paid P900 for the telephone bill. He paid P1,700 for the salaries of full-time and part-time employees. He billed P22,500 from customers for cleaning services rendered. 22 25 28 28 28 He withdrew P10.000 from the business.
Transcribed Image Text:Directions: Establish the T-Accounts for the following accounts, Write your answers on a separate sheet of paper. Atienza, Capital Atienza, Withdrawals Cash Accounts Receivable Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Cleaning Revenues Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense Notes Payable Accounts Payable Lee Atienza recently established a business that will operate as Atienza Cleaning Service. The following are his transactions for February 2020: Feb. 1 He invested P62,000 cash in his business. 3 He acquired cleaning supplies on account worth P21,400. He acquired cleaning equipment on account amounting to P15,600. 5 He bought a service vehicle worth P47,000; paid P10,000 and balance will be paid within 30 days; issued a note 6 the payable. He paid P7,300 for the rent. He received P31,800 cash for cleaning services rendered. He paid P1,700 for a newspaper advertisement. He bought an insurance premium covering 6 months, recorded as prepaid insurance for P4,800. He paid P9,000 on account. He paid P2,200 for miscellaneous expenses. He billed customers with P18,600 for cleaning services rendered. He paid P8,400 for salaries. He collected P9,800 from the customers on account last 7 10 12 13 14 15 16 20 February15. He paid the note payable worth P2,400. He paid P900 for the telephone bill. He paid P1,700 for the salaries of full-time and part-time employees. He billed P22,500 from customers for cleaning services rendered. 22 25 28 28 28 He withdrew P10.000 from the business.
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