Scribd Logo
Upload

Welcome to Scribd!

  • Accounting For IT Mid-Term Exam

    Uploaded by

    Carlo Aguilar
    2 views2 pages
    The document contains journal entries for various transactions made by John Carlo U. Aguilar's business from December 1-31. It records the purchase of a truck and initial capital contribution on December 1. It also includes recurring expenses like prepaid insurance, office supplies, delivery service revenue, accounts receivable, accounts payable, salaries, rent, bills and cash withdrawals. The final entry balances the accounts payable account.

    Original Description:

    Accounting

    Original Title

    Accounting for IT Mid-Term Exam

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document contains journal entries for various transactions made by John Carlo U. Aguilar's business from December 1-31. It records the purchase of a truck and initial capital contribution on December 1. It also includes recurring expenses like prepaid insurance, office supplies, delivery service revenue, accounts receivable, accounts payable, salaries, rent, bills and cash withdrawals. The final entry balances the accounts payable account.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    2 views2 pages

    Accounting For IT Mid-Term Exam

    Uploaded by

    Carlo Aguilar
    The document contains journal entries for various transactions made by John Carlo U. Aguilar's business from December 1-31. It records the purchase of a truck and initial capital contribution on December 1. It also includes recurring expenses like prepaid insurance, office supplies, delivery service revenue, accounts receivable, accounts payable, salaries, rent, bills and cash withdrawals. The final entry balances the accounts payable account.

    Copyright:

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

    ACCOUNTING FOR INFORMATION TECHNOLOGY

    MID-TERM EXAMINATION

    Name: John Carlo U. Aguilar Section: BSIT 2B

    Journal Entries

    Dec. 1 Cash 100,000


    Truck 300,000
    Kawna, Capital 400,000

    Dec. 2 Prepaid Insurance 2500


    Cash 2500

    Dec. 4 Office Supplies 5,500


    Cash 5,500

    Dec. 6 Cash 12,500


    Delivery Service Revenue 25,000

    Dec.7 Accounts Receivable 25,000


    Delivery Service Revenue 25,000

    Dec. 8 Air-condition Unit 32,000


    Accounts Payable 32,000

    Dec. 10 Filling Cabinet 25,000


    Cash 10,000
    Accounts Payable 15,000

    Dec. 12 Telephone Bill 2888.00


    Cash 2888.00

    Dec. 15 Salaries Expense 15,000


    Cash 15,000

    Dec. 16 Cash 5,000


    Delivery Service Revenue 5,000

    Dec. 17 Cash 25,000


    Accounts Receivable 25,000

    Dec. 18 Fuel 4,500


    Cash 4,500

    Dec. 20 Office Rent 10,000


    Cash 10,000

    Dec. 21 Accounts Receivable 14,000


    Delivery Service Revenue 14,000

    Dec. 23 Electric Bill 5,400


    Cash 5,400

    Dec. 26 Cash 6,800


    Delivery Service Revenue 6,800

    Dec. 28 Kawna Capital 7,000


    Drawing, Capital 7,000

    Dec. 29 Cash 14,000


    Accounts Receivable 14,000

    Dec. 30 Salaries Expense 15,000


    Cash 15,000

    Dec. 31 Accounts Payable 15,000


    Cash 15,000

    You might also like