bbMJ
Aug 9, 2013, 03:01 AM
Accounting Journal Entry of these transaction.
A. Provided lawn services for customers on account, P520.
B. Paid telephone bill, P30
C. Collected from cash from customers for services performed on account on transaction A, P400
D. Paid associates for lawn work done during the first half of the month, P350
E. Bought mowing equipment for P1000; paid P200 in cash and promised to pay the balance over the next four months.
F. Paid cash on account for the mowing equipment purchased in transaction E, P200
G. Paid associates for last half of the month, P700
H. Reimbursed associates for costs incurred using their own vehicles for transportation, P150.
A. Provided lawn services for customers on account, P520.
B. Paid telephone bill, P30
C. Collected from cash from customers for services performed on account on transaction A, P400
D. Paid associates for lawn work done during the first half of the month, P350
E. Bought mowing equipment for P1000; paid P200 in cash and promised to pay the balance over the next four months.
F. Paid cash on account for the mowing equipment purchased in transaction E, P200
G. Paid associates for last half of the month, P700
H. Reimbursed associates for costs incurred using their own vehicles for transportation, P150.