Mr. Mike Benter opened the Benter Servicing on June 1, 2019 with the following investments: 300, 000 Php. 200, 000 Php Cash Machinery On the same day Mr. Benter paid the following pre-operating expenses: Business permits and other taxes Rental for the next 3 months P 10, 000 15, 000 The following transactions occurred during June, 2019: Deposited P 250, 000 at Metro Bank. Rendered repair service to a customer and was paid by a note, P 3, 000. Bought shop supplies, P 2, 000, and office supplies, P 3, 000 on account. Received advances from customer, P 1, 000 for repair of equipment. Purchase office equipment costing P 15, 000 on account. 10 Received notes from customer for services rendered, P 15, 000 with 10% interest payable 30 days after date of note. Collected the account on June 3 transaction. June 2 3 5 7 8 12 Paid Bombo Radio Philippines for the cost of advertising, P10, 000 thru the issuance of check. 14 Deposited the amount collected on June 7 and June 12 trasactions. 15 | Paid the following expenses thru the issuance of check: P 2, 000 3, 000 5, 000 Electricity Bill Water Bill WIFI and Telephone connection Rendered repair services to the customer who made advance deposit on June 7, 2019. 17 20 Rendered various maintenance and repair services: P 12, 000 20, 000 28 Paid the salaries and wages of shop workers for the month, P 15, 000, Cash basis Credit basis from the available cash on hand. Required: 1. Prepare the journal entries. 2. Adjust all accounts that needs to be adjusted.

On October 1, 2023 PT. Leci borrowed $500,000 from Pineapple Bank by signing a 10-month, 6% note. If on December 31 PT. Leci makes adjusting entries, then on August 1, 2024 what is the amount of interest expense recorded by PT. Lychee when paying off the notes? a. 17.500 b. 21 000 c. 9.000 d. 30.000 e. 7.500

Please help me.  Thankyou.

hi how do we record this in MYOB. Please help me    Transactions from early January 2021   2 Obtained a loan of $14,000 from Uncle Oliver (a family relative of Beatrice Reed) at a simple interest rate of 10% per year, Cheque No. 145, ID #CR000001. The principal and interest on the loan are payable in six months time. 3 Received Cheque No. 227 from Pikea for the full amount outstanding on their account, ID #CR000002. 4 Issued Cheque No. 4098 for $10,065 to Mega Tech in payment of Purchase #303 (Supplier Inv#230). 4 Purchased 9 units MePod multimedia players from Pony at $979 each (includes 10% GST), Purchase #306, Supplier Inv#328. Issued Cheque No. 4099 for $3,900 to this supplier for this particular invoice at the time of the purchase. 4 Issued Cheque No. 4100 for $1,320 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies. 6 Sold the following items on credit to Jerry Technology, Invoice #3284: 3 units BG90 plasma televisions for…