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  • DRILL 4 Journalizing T Account Trial Balance

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    trexy jeane sumapig
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    Mr. Sha deposited P300,000 into Sha Warm A Spa's account. Throughout September, the spa received payments for services, paid various business expenses like rent and salaries, and purchased supplies and equipment. By month's end, the spa's transactions included P300,000 in deposits, P115,000 in revenues, P51,450 in expenses, and P12,000 in equipment purchases.

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    DRILL-4-Journalizing-T-Account-Trial-Balance-converted

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    Mr. Sha deposited P300,000 into Sha Warm A Spa's account. Throughout September, the spa received payments for services, paid various business expenses like rent and salaries, and purchased supplies and equipment. By month's end, the spa's transactions included P300,000 in deposits, P115,000 in revenues, P51,450 in expenses, and P12,000 in equipment purchases.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    25 views2 pages

    DRILL 4 Journalizing T Account Trial Balance

    Uploaded by

    trexy jeane sumapig
    Mr. Sha deposited P300,000 into Sha Warm A Spa's account. Throughout September, the spa received payments for services, paid various business expenses like rent and salaries, and purchased supplies and equipment. By month's end, the spa's transactions included P300,000 in deposits, P115,000 in revenues, P51,450 in expenses, and P12,000 in equipment purchases.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    The following are transactions of Sha Warm A Spa for the month of September.

    2020

    September 1 Mr. Sha deposited P300,000 under the name of Sha Warm A Spa
    3 Paid rent for the month to Shaitzu Realty, P20,000
    5 Received P15,000 check from Mrs. Swedish for spa services rendered.
    8 Received P50,000 from Mrs. Ventoza for spa party held yesterday.
    9 Paid attendant's salaries for two weeks, P4,800
    14 Bought P3,000 spa supplies from Super Spa on account
    15 Mr. Sha withdrew P5,000 for personal use
    22 Sent P2,000 bill to Mr. Stone for spa services rendered
    26 Paid water district P850 water bill
    27 Paid Mr. Clean P600 for laundry services
    29 Purchased spa equipment for P12,000 cash

    Required: 1 Journalize the transactions


    2 Post it to T-Accounts.
    3 Prepare the trial balance

    Cash S, Withdrawal
    Accounts Receivable Service Revenue
    Spa Supplies Rent Expense
    Spa Equipment Salaries Expense
    Accounts Payable Utilities Expense
    S, Capital Laundry Expense

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