The Puchita CO. Transactions Date Accounting Transaction Thai Baht Pakanan invested cash in company Jan. 27 Jan. 27 1,250,000 Porrarat invested cash in company 1,300,000 Jan. 27 Jun Li invested computer equipment in company 450,000 Feb. 1 Company puchased annual insurance premium Company purchased office equipment on credit Company paid for two month's rent Company purchased office supplies on credit Company paid cash for February cleaning services Company purchased electrical equipment total price as 60,000 Baht, but on 12,000 Feb. 2 610,000 Feb. 3 12,000 Feb. 5 30,000 Feb. 10 2,500 Feb. 12 60,000 this date company paid cash to the seller only 40000 Baht Company completed services and received cash Company provided services to Jinnipa on credit Company paid cash for purchasing office equipment on credit on Jan. 29 Company completed services to Pongsiri and she will paid in next 30 days Company collected cash for work completed from Rawin Company paid for employees's salary (since Jan. 27 until Feb. 28) Company received cash from Jinnipa for service provided on Feb.19 Company paid cash for purchasing supplies on credit on Feb. 5 Jun Li withdraw cash for personal use Porarat withdraw cash for personal use 40,000 Feb. 17 14,000 Feb. 19 10,000 Feb. 24 61,000 Feb. 26 12,000 Mar. 3 3,000 Mar. 5 30,000 10,000 30,000 Mar. 10 Mar. 12 Mar. 17 6,400 Mar. 19 14,000 Additional items for March 31, 2021 adjusted entries Expired insurance coverage (a) (b) (c) 2,000 supllied on hand at the end of march Computer equipment - depreciation expense for two month 10,000 9,000 (d) (e) Use the given data of the Puchita CO. to prepare the following requirements 1. Prepare the general journal for all transactions since begin the company and 5 additional items for March 31, 2021 adjusted entries 2. Prepare the income statement 3. Prepare Statement of owner's equity Unpaid salaries since 1 March 30,000 Office equipment - depreciation expense for two month 6,100 4. Calculate current ratio

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The Puchita CO.
Transactions
Date
Accounting Transaction
Thai Baht
Pakanan invested cash in company
Jan. 27
Jan. 27
Jan. 27
1,250,000
Porrarat invested cash in company
1,300,000
Jun Li invested computer equipment in company
450,000
Feb. 1
Feb. 2
Feb. 3
Feb. 5
Feb. 10
Feb. 12
Company puchased annual insurance premium
Company purchased office equipment on credit
Company paid for two month's rent
Company purchased office supplies on credit
Company paid cash for February cleaning services
Company purchased electrical equipment total price as 60,000 Baht, but on
this date company paid cash to the seller only 40000 Baht
Company completed services and received cash
Company provided services to Jinnipa on credit
Company paid cash for purchasing office equipment on credit on Jan. 29
Company completed services to Pongsiri and she will paid in next 30 days
Company collected cash for work completed from Rawin
Company paid for employees's salary (since Jan. 27 until Feb. 28)
Company received cash from Jinnipa for service provided on Feb.19
Company paid cash for purchasing supplies on credit on Feb. 5
Jun Li withdraw cash for personal use
Porarat withdraw cash for personal use
12,000
610,000
12,000
30,000
2,500
60,000
40,000
Feb. 17
Feb. 19
Feb. 24
Feb. 26
14,000
10,000
61,000
12,000
Mar. 3
Mar. 5
Mar. 10
Mar. 12
Mar. 17
Mar. 19
3,000
30,000
10,000
30,000
6,400
14,000
(a)
(b)
(c)
(d)
(e)
Additional items for March 31, 2021 adjusted entries
Expired insurance coverage
Office supllied on hand at the end of march
Computer equipment - depreciation expense for two month
Unpaid salaries since 1 March
Office equipment - depreciation expense for two month
2,000
10,000
9,000
30,000
6,100
Use the given data of the Puchita CO. to prepare the following requirements
1. Prepare the general journal for all transactions since begin the company and 5
additional items for March 31, 2021 adjusted entries
2. Prepare the income statement
3. Prepare Statement of owner's equity
4. Calculate current ratio
Transcribed Image Text:The Puchita CO. Transactions Date Accounting Transaction Thai Baht Pakanan invested cash in company Jan. 27 Jan. 27 Jan. 27 1,250,000 Porrarat invested cash in company 1,300,000 Jun Li invested computer equipment in company 450,000 Feb. 1 Feb. 2 Feb. 3 Feb. 5 Feb. 10 Feb. 12 Company puchased annual insurance premium Company purchased office equipment on credit Company paid for two month's rent Company purchased office supplies on credit Company paid cash for February cleaning services Company purchased electrical equipment total price as 60,000 Baht, but on this date company paid cash to the seller only 40000 Baht Company completed services and received cash Company provided services to Jinnipa on credit Company paid cash for purchasing office equipment on credit on Jan. 29 Company completed services to Pongsiri and she will paid in next 30 days Company collected cash for work completed from Rawin Company paid for employees's salary (since Jan. 27 until Feb. 28) Company received cash from Jinnipa for service provided on Feb.19 Company paid cash for purchasing supplies on credit on Feb. 5 Jun Li withdraw cash for personal use Porarat withdraw cash for personal use 12,000 610,000 12,000 30,000 2,500 60,000 40,000 Feb. 17 Feb. 19 Feb. 24 Feb. 26 14,000 10,000 61,000 12,000 Mar. 3 Mar. 5 Mar. 10 Mar. 12 Mar. 17 Mar. 19 3,000 30,000 10,000 30,000 6,400 14,000 (a) (b) (c) (d) (e) Additional items for March 31, 2021 adjusted entries Expired insurance coverage Office supllied on hand at the end of march Computer equipment - depreciation expense for two month Unpaid salaries since 1 March Office equipment - depreciation expense for two month 2,000 10,000 9,000 30,000 6,100 Use the given data of the Puchita CO. to prepare the following requirements 1. Prepare the general journal for all transactions since begin the company and 5 additional items for March 31, 2021 adjusted entries 2. Prepare the income statement 3. Prepare Statement of owner's equity 4. Calculate current ratio
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