The following are transactions of Samantha Payapag Advertising Company for the month of July 2013 Prepare Journal Entries, Ledger,...

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Accounting

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

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03072013 CASH 500000 TO CAPITAL 500000 05072013 ADVERTISING SUPPLIES 80000 RENT 7300 TO CASH 87300 09072013 TRUCK 350000 TO MJ IDOS 350000 12072013 CASH 43000 TO ADVERTISING INCOME 43000 13072013 FURNITURE 32000 TO CASH 32000 17072013 DRAWINGS 3200 TO CASH 3200 18072013 BERNALYN GALVEZ 10000 TO ADVERTISING INCOME 10000 23072013 SALARIES 15000 TO CASH 15000 23072013 ZALDY CO 4000 TO ADVERTISING INCOME 4000 24072013 CASH 5000 TO BERNALYN GALVEZ 5000 26072013 TRUCK 120000 TO EDWINA MOTOR INC 120000 27072013 MJ IDOS 230000 TO CASH 230000 See Answer

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