Thank you in advanced to the one who's willing to answer my question The Royal Laundry Services was opened along the university belt by Pauline De Jesus.Oct.- 1 A cash investment of P50,000.2 Purchased four washing machines worth P24,000 from Automatic on account.3Paid rents for the month, P5,000.4Hired a clerk and two workers at a monthly salary of P4,000 each.Bought washing supplies and paid cash of P4,500.Rendered services to the boarders and received P2,500 in cash.Bought office equipment worth P6,000 on credit.10Billed various customers, P3,750.11Cash receipts for washing services, P2,500.13Paid P1,500 for taxes and licenses.14 Rendered washing service on account, P4,000.15Paid P6,000 for salaries of the clerk and workers. Collected P500 each from the following account customers: Helen Narvasa, Kristy Gatdula, andMyrna Tan.16Collected P1,500 cash for washing services.25 Received bills from: PLDT, P1,875, MERALCO, P4,550, and Manila Water, P750.26Paid the MERALCO bill.29 Made a partial payment to Automatic, P12,00031 Washing supplies used up amounted to P2,000.Required:1. Journalize the transactions following the proper spacing of the debit and credit.2. Prepare a ledger of each account.

Accounting is the process of recording, classifying, and summarising accounting transactions.…

16 Collected P500 each from the following account customers: Helen Narvasa, Kristy Gatdula, and Myrna Tan. 17 Collected P1,500 cash for washing services. Received bills from: PLDT, P1,875, MERALCO, P4,550, and Manila Water, P750. 26 Paid the MERALCO bill. 29 Made a partial payment to Automatic, P12,000 31 Washing supplies used up amounted to P2,000. Required: 1. Journalize the transactions following the proper spacing of the debit and credit. 2. Prepare a ledger of each account.

16 Collected P500 each from the following account customers: Helen Narvasa, Kristy Gatdula, and Myrna Tan. 17 Collected P1,500 cash for washing services. Received bills from: PLDT, P1,875, MERALCO, P4,550, and Manila Water, P750. 26 Paid the MERALCO bill. 29 Made a partial payment to Automatic, P12,000 31 Washing supplies used up amounted to P2,000. Required: 1. Journalize the transactions following the proper spacing of the debit and credit. 2. Prepare a ledger of each account.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 1AP

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