FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Assessment
Directionis: Prepare tht journal entry fur ech trannactiun Use the follewing account
rumbers for pooting vofarmmoc. Write your anawora on a noprate sheet
of paper.
Ansria
Revenue
101
Cash
401
Service Roventae
102
Accounts Reccivable ExpenLeK
501
Salarice Expense
Rent Expenne
S03 Utlities Experse
S04 Advertisinng Expense
Miscellaneous Expenne
103
Supplica
104
Service Vahicie
502
Linbility
201
Arcounta Payaıle
Owner's Equity
505
Angelie, Capital
Angelie, Drowingn
301
302
Micbelle Angelie catabliahed Angelie'n Advartiaing Buoiness. The following are
that trandactionn for the whole month of October 2019.
Michele Angclic deposited P250,000 under the name of the buaines
She aoquired a service vebkcln in the amount of F195,000 an aocount.
Ot
1.
She aoquired supplles for cash worth P57.000.
Sho recolved Pg7,500 coalı for palnted ulgna.
10
Sho paid the nonth'a rent amounting to P25,000.
11
Sho pulnted signa for Mundo Mobile an accDunt for P170,000.
12
She pald PS5,000 on account from October 2.
16
Sho withdrew P25,000 for personul uze.
23
She collected P35,000 Trom Mundo Mobile.
27
Sho paid nalnries amounting to P57,000 for the month.
30
She paid MH Telecom 17,500 for communication services for the
31
She juid the bUl amowntbg to P5,S00 to AdLams for advertialng for
the month
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Transcribed Image Text:Assessment Directionis: Prepare tht journal entry fur ech trannactiun Use the follewing account rumbers for pooting vofarmmoc. Write your anawora on a noprate sheet of paper. Ansria Revenue 101 Cash 401 Service Roventae 102 Accounts Reccivable ExpenLeK 501 Salarice Expense Rent Expenne S03 Utlities Experse S04 Advertisinng Expense Miscellaneous Expenne 103 Supplica 104 Service Vahicie 502 Linbility 201 Arcounta Payaıle Owner's Equity 505 Angelie, Capital Angelie, Drowingn 301 302 Micbelle Angelie catabliahed Angelie'n Advartiaing Buoiness. The following are that trandactionn for the whole month of October 2019. Michele Angclic deposited P250,000 under the name of the buaines She aoquired a service vebkcln in the amount of F195,000 an aocount. Ot 1. She aoquired supplles for cash worth P57.000. Sho recolved Pg7,500 coalı for palnted ulgna. 10 Sho paid the nonth'a rent amounting to P25,000. 11 Sho pulnted signa for Mundo Mobile an accDunt for P170,000. 12 She pald PS5,000 on account from October 2. 16 Sho withdrew P25,000 for personul uze. 23 She collected P35,000 Trom Mundo Mobile. 27 Sho paid nalnries amounting to P57,000 for the month. 30 She paid MH Telecom 17,500 for communication services for the 31 She juid the bUl amowntbg to P5,S00 to AdLams for advertialng for the month
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