Directions: Do the task listed below using the transactions of Masayahin Companyfor November 2019. Write your answers on a separate sheet ofpaper.1. Prepare the journal entries.2. Post each transaction to its ledger account.3. Prepare the trial balance.4. Use the provided account numbers.302 Masayahin, Drawings401 Service Revenue101 Cash102 Accounts Receivable103 Supplies104 Office Equipment501 Salaries Expense502 Rent Expense503 Other Expense201 Accounts Payable301 Masayahin, CapitalMario Masayahin established Happy Repair Business. The following are thetransactions for the month of November 2019.Nov.1He invested P100,000 cash in the business.He purchased supplies amounting to P4,000.He bought office equipment for P10,000 paying P3,000 and thebalance will be paid after 30 days.He received P14,000 for services rendered.47.1123He paid P1,000 for the weekly salary of an employee.

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Directions: Do the task listed below using the transactions of Masayahin Company for November 2019. Write your answers on a separate sheet of paper. 1. Prepare the journal entries. 2. Post each transaction to its ledger account. 3. Prepare the trial balance. 4. Use the provided account numbers. 302 Masayahin, Drawings 401 Service Revenue 501 Salaries Expense 502 Rent Expense 503 Other Expense 101 Cash 102 Accounts Receivable 103 Supplies 104 Office Equipment 201 Accounts Payable 301 Masayahin, Capital Mario Masayahin established Happy Repair Business. The following are the transactions for the month of November 2019. Nov. 1 He invested P100,000 cash in the business. He purchased supplies amounting to P4,000. He bought office equipment for P10,000 paying P3,000 and the balance will be paid after 30 days. He received P14,000 for services rendered. 7. 11 23 He paid P1,000 for the weekly salary of an employee.

Directions: Do the task listed below using the transactions of Masayahin Company for November 2019. Write your answers on a separate sheet of paper. 1. Prepare the journal entries. 2. Post each transaction to its ledger account. 3. Prepare the trial balance. 4. Use the provided account numbers. 302 Masayahin, Drawings 401 Service Revenue 501 Salaries Expense 502 Rent Expense 503 Other Expense 101 Cash 102 Accounts Receivable 103 Supplies 104 Office Equipment 201 Accounts Payable 301 Masayahin, Capital Mario Masayahin established Happy Repair Business. The following are the transactions for the month of November 2019. Nov. 1 He invested P100,000 cash in the business. He purchased supplies amounting to P4,000. He bought office equipment for P10,000 paying P3,000 and the balance will be paid after 30 days. He received P14,000 for services rendered. 7. 11 23 He paid P1,000 for the weekly salary of an employee.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 7SEA

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