Create a general journal. use a two- column ledger

Assignment Help Financial Accounting
Reference no: EM133344309

Question: Create a General Journal. Use a two- column ledger as your answer sheet. Luisa started her parlor business last October 15, 2022. The following are her transactions.

Luisa bought store equipment amounting to P8,700,00 on October 17, 2022.

On October 19, 2022, she purchased store supples amounting to P5,799.00 in account.

On October 18, 2022, she received her first income amounting to 1,200,00 from her service.

On October 22, 2022, she paid the store rent for P7,000.00.

On October 25, 2022, she roceived a service income amounting to P6, 700.00. Half was paid by cash and the balance is in account.

OnOctober 26, 2022, she donated P200.00 from her personal money to their local church.

 

Reference no: EM133344309

Questions Cloud

Introduce new technologies to reduce health disparities : Your boss wants to introduce new technologies to reduce health disparities in your local community.
What is about friending patients-ex-patients on social media : It can create some ethical dilemmas and most organizations have policies related to staff relationships with patients on social media.
Which organ system do you think are involved this patient : Is this patient excess, deficient or both? Which signs and symptoms support this? Which organ system(s) do you think are involved for this patient?
Can you please help me best define what is accounting : Can you please help me best define what is accounting? since iam explaining the accounting concepts I believe is good to explain well what is accounting.
Create a general journal. use a two- column ledger : Create a General Journal. Use a two- column ledger as your answer sheet. Luisa started her parlor business last October 15, 2022.
Calculate your total return from holding yen ?ora steel : Suppose you plan to hold Yon Beta steel: for only one year. What is the capital gain w from holding Yon Bora steel: for the ?rst year?
Discuss one aspect of your future job where you can apply : Discuss one aspect of your future job where you can apply the visual media. Discuss the reasons and outcomes of the same Article length
What do you think about the new initiatives introduced : What do you think about the new initiatives introduced by Kip Tindell and his team to drive growth? Use The Container Store case from Harvard Business Review
Why is product using these specific promotional strategies : Why is your product using these specific promotional strategies and Explain how the company is using social media technologies to promote/communicate

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd