Reference no: EM133006691
Question - Maganda Shop is servicing its customers by repairing various equipment and other gadgets.
Dec. 1 Paid accounts payable, P30,000.
Dec. 10 Collected from customers on account, P40,000.
Dec. 15 Collected cash from customers for services rendered, P125,000.
Dec. 26 Paid light and water bills, P 9,000.
Dec. 29 Paid salaries of employees, P45,000.
Required - Journalize December, 2019 transactions in the general journal. Then, post to the ledger. Foot the balances in the ledgers.