On November 10, 2014, Tuttie Bee Cargo Services started its operations. The following arethe transaction of the company for 2014.Nov. 10Mr. Tuttie Bee invested 1,000,000 and two trucks with fair market value of$750,000 each in the business.12Paid taxes and licenses, #6,50015Paid office rent up to December in advance, 96,00016Hired a driver with #6,000 monthly salary to start work tomorrow17Called Success Builder to order paints for the office amounting to $2,500Purchased furniture and fixtures on account, $18,0001820Bought office supplies, #2,000 cash25Delivered cargo to Pampanga for Ms Sue Bah. Cash of $24,000 wasreceived for this transaction as payment.29Paid driver's salary, #6, 00030Paid the December insurance premium for the two trucks, #10, 000 Dec.3The company received #30, 000 from Mr. Tee Wah for delivery services.Paid the furniture and fixtures bought on account710Bought computer from Oktagon on account, $45, 00015Delivered cargo to Isabela for Mr Teh Ngot $45,000 cashPaid $3,000 for utilities182022Delivered cargo to Nueva Ecija #30, 000 cashProceeds of loan from Bankkrupt Bank $200,000Mr Tuttie Bee withdrew $20,000 for personal usedPaid driver's salary $6,000242930Received utilities bill for payment on January 5, $3,000Additional Information:Office supplies showed zero balance at the end of the year.Depreciation of Plant, Plant and Equipment will start at January.Requirements;a. Provide the Journal entriesb. Post the entries to the ledgerc.Prepared the unadjusted Trial Balanced. Provide the adjusting entriese. Prepared the worksheet up to Balance Sheet

Journal Entries in the books of Tuttie Bee Cargo Services For the month ended 30th November 2014…

Answered: a. Provide the Journal entries

Business

Accounting

a. Provide the Journal entries

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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