answer the picture below,, chart of accountsnotes payabletaxes and license expensetransportation expensesalaries and wages expenseutilities expensemiscellaneous expense 18 The company paid Reyes Machines Corporation for the promissory note due today.6869Dr70CrTo record71727323 On December 23, Juanito Cruz, withdrew P30,000 cash for his own personal use.DrCrTo record7475767727 On December 27, Santiago Santos gave the company only P5,000 cash in payment of his account due today. He issued a promissory notefor the remaining unpaid balance.Dr78798081CrTo record82838430 The shop received a total of P48,500 cash for various car repairs finished and billed during the week.85DrCrTo record868788899031 The company paid the following: transportation P1,700, telephone bill P800, electricity bill P5,100 and other disbursementsfor various small expenses P560.9192Dr939495Cr96To record979831 The company paid the end of the month wages of the three mechanics and salary of the bookkeeper-secretary.99DrCrTo record100101102103104105106

Journal Entry: Double-entry bookkeeping The picture is showing a double entry bookkeeping format…

18 The company paid Reyes Machines Corporation for the promissory note due today. Dr Cr To record 23 On December 23, Juanito Cruz, withdrew P30,000 cash for his own personal use. Dr Cr To record 27 On December 27, Santiago Santos gave the company only P5,000 cash in payment of his account due today. He issued a promissory no for the remaining unpaid balance. Dr Cr To record 30 The shop received a total of P48,500 cash for various car repairs finished and billed during the week. Dr Cr To record 31 The company paid the following: transportation P1,700, telephone bill P800, electricity bill P5,100 and other disbursements for various small expenses P560. Dr Cr To record 31 The company paid the end of the month wages of the three mechanics and salary of the bookkeeper-secretary. Dr Cr To record

18 The company paid Reyes Machines Corporation for the promissory note due today. Dr Cr To record 23 On December 23, Juanito Cruz, withdrew P30,000 cash for his own personal use. Dr Cr To record 27 On December 27, Santiago Santos gave the company only P5,000 cash in payment of his account due today. He issued a promissory no for the remaining unpaid balance. Dr Cr To record 30 The shop received a total of P48,500 cash for various car repairs finished and billed during the week. Dr Cr To record 31 The company paid the following: transportation P1,700, telephone bill P800, electricity bill P5,100 and other disbursements for various small expenses P560. Dr Cr To record 31 The company paid the end of the month wages of the three mechanics and salary of the bookkeeper-secretary. Dr Cr To record

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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