Reference no: EM132967078
Question - Ms. Brooh Hah decided to invest in the salon business and named her salon "The Broohah Luk Salon". The followsalon's transactions for the month of November. Journalize the transactions and post the transactions to the T-accounts.
2020
November 2 Ms. Brooch invested P900,000 in the business.
November 5 Bought beauty equipment from Dis Gracia's Beauty Shop; P120,000 on credit. Terms: 30% down payment and the remaining balance on account.
November 7 Paid one-half of the balance to Dis Gracia's and issued a note for the remainder
November 14 Purchased beauty salon supplies from D'Panots for cash, P3,000
November 16 Sold one-half of the Beauty Salon's supplies to Kay's Beauty Parlor for P1,500 cash.
November 17 Returned of defective supplies to D'Panots, P500. Refund will be issued after 10 days.
November 19 Full settlement of the note with Dis Gracia's Beauty Shop20 Paid beauticians' salaries, P8,800
November 25 Received electric bill from meralco, P3,600
November 27 Received the refund for the defective supplies returned to D'Panots29 Ms. Brooch withdrew P10,000 worth of equipment for personal use.
November 31 Paid the electric bill to Meralco
|
Prepare a tabular analysis of the September transactions
: -Paid $2,600 cash for accounts payable due. Prepare a tabular analysis of the September transactions beginning with August 31 balances
|
|
Conscious and unconscious biases into the workplace
: We all bring both conscious and unconscious biases into the workplace. While many companies have diversity programs, some managers still lack the necessary skil
|
|
What is balance of accumulated depreciation for mary corp
: Mary Corp. purchased a machine on January 1, 2010 for $50,000. What is the balance of accumulated depreciation for this machine at the end of 2013?
|
|
How do environmental policies affect business ethics
: How do environmental policies affect business ethics?
|
|
Journalize the transactions and post the transactions
: Journalize the transactions and post the transactions - November 14 Purchased beauty salon supplies from D'Panots for cash, P3,000
|
|
Provide one argument for normalizing trade with cuba
: Provide one argument for normalizing trade with Cuba. Consider who would benefit and who would be harmed in each case
|
|
What should be change in bad debt expense for dewey co
: What should be the change in bad debt expense? Dewey Co. had gross accounts receivable of $550,000, and allowance for doubtful accounts of $30,000.
|
|
Compare the company ratios
: b. Compare the company ratios you prepared to the industry figures given in part a. What are the company's strengths? What are its weaknesses?
|
|
What is the amount recorded for the leased asset
: The lease does not transfer ownership, nor is there a bargain purchase option. What is the amount recorded for the leased asset
|