The following are transactions of Samantha PayapagAdvertising Company for the month of July2013
Prepare Journal Entries,Ledger, T- Accounts,Trial Balance, Income Statement,and Balance Sheet
July 3 Samantha Payapag invested 500,000 in thebusiness.
July 5 Bought for cash, advertising suppliescosting 80,000. Paid rental of the office, 7,300
July 9 Bought delivery truck from MJ IdosTrading, 350,000 on credit
July 12 Received 43,000 cash as advertisingincome
July 13 Bought furniture & fixtures, 32,000in cash
July 17 Took 3,200 cash for personalpurposes
July 18 Billed Bernalyn Galvez for theadvertising service rendered to promote her product to the market,10,000
July 23 Paid salaries of the employees, 15,000.Billed Zaldy Co. for the advertising service rendered, 4,000
July 24 Collected 1/2 of the amount BernalynGalvez owed to the company
July 26 Purchased another truck amounting to120,000 from Edwina Motor, Inc. on credit
July 27 Paid MJ Idos Trading 230,000 as partialsettlement of the account
July 30 Paid utility expense for the month
