Directions: Post each journ. on a separate shee

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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pls answer the first pic the second pic is the example

on a separate sheet of paper,
amounting to P70,000 in the business.
GENERAL JOURNAL
1.
Page 1
P.R.
Debit
Credit
Account Titles and Explanation
Date
2019
101
80,000
Dec-03 Cash
105
70,000
Furniture and Fixtures
301
P 150,000
Pedro, Capital
To record investments
Account No.
Account Name:
J.R.
Debit
Credit
Balance
Date
Account Titles and
Explanations
Account No.
Account Name:
Date
Account Titles and
J.R.
Debit
Credit
Balance
Explanations
Account Name:
Account No.
ate
Account Titles and
J.R.
Debit
Credit
Balance
Explanations
Transcribed Image Text:on a separate sheet of paper, amounting to P70,000 in the business. GENERAL JOURNAL 1. Page 1 P.R. Debit Credit Account Titles and Explanation Date 2019 101 80,000 Dec-03 Cash 105 70,000 Furniture and Fixtures 301 P 150,000 Pedro, Capital To record investments Account No. Account Name: J.R. Debit Credit Balance Date Account Titles and Explanations Account No. Account Name: Date Account Titles and J.R. Debit Credit Balance Explanations Account Name: Account No. ate Account Titles and J.R. Debit Credit Balance Explanations
2.000
10,000
25001
Account No. 102
Account Titles and
Explanations
Date
J.R.
Debit
Balance
Credit
6107
Rendered services
Jul.21
Collected accounts
J-3,
P 2,000
28
J-3
P 2,000
Account No. 103
Account Titles and
Date
J.R.
Explanations
Debit
Credit
Balance
Purchased supplies
Jul.2
J-1
P 10,000
P 10,000
ACcount Name: Service Equipment
Account No. 104
Account Titles and
Date
J.R.
Debit
Credit
Balance
Explanations
Invested equipment
Jul. 1
P 30,000
Account Name: Accounts Payable
Account No. 201
Account Titles and
Date
J.R.
Debit
Credit
Balance
Explanations
Jul.30 Received electric bill
P 2,500
P 2,500
J-3
Account Name: Loans Payable
Account No. 202
Date
Account Títles and
J.R.
Debit
Credit
Balance
Explanations
Jul. 1
Obtained loan from RDS
J-1
P 50,000
Account Name: Pamilya, Capital
Account No. 3
Date
Account Titles and
J.R.
Debit
Credit
Balance
Explanations
Jul. 1
Invested cash
J-1
P 60,00
Account Name: Pamilya, Drawings
Account No
Date
Account Titles and
J.R.
Debit
Credit
Balance
Explanations
2019
Jul.27 Withdrew cash
J-3
P 500
P.
133
Transcribed Image Text:2.000 10,000 25001 Account No. 102 Account Titles and Explanations Date J.R. Debit Balance Credit 6107 Rendered services Jul.21 Collected accounts J-3, P 2,000 28 J-3 P 2,000 Account No. 103 Account Titles and Date J.R. Explanations Debit Credit Balance Purchased supplies Jul.2 J-1 P 10,000 P 10,000 ACcount Name: Service Equipment Account No. 104 Account Titles and Date J.R. Debit Credit Balance Explanations Invested equipment Jul. 1 P 30,000 Account Name: Accounts Payable Account No. 201 Account Titles and Date J.R. Debit Credit Balance Explanations Jul.30 Received electric bill P 2,500 P 2,500 J-3 Account Name: Loans Payable Account No. 202 Date Account Títles and J.R. Debit Credit Balance Explanations Jul. 1 Obtained loan from RDS J-1 P 50,000 Account Name: Pamilya, Capital Account No. 3 Date Account Titles and J.R. Debit Credit Balance Explanations Jul. 1 Invested cash J-1 P 60,00 Account Name: Pamilya, Drawings Account No Date Account Titles and J.R. Debit Credit Balance Explanations 2019 Jul.27 Withdrew cash J-3 P 500 P. 133
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