Reference no: EM132875996
Question - Winnie Villanueva is a painting contractor. During the month of April, 2020 she completed the following transactions:
Apr. 2 Invested in the business painting equipment valued at P12,300 and placed P71,000 in a business checking account.
Apr. 4 Purchased painting supplies on account for P3,200.
Apr. 10 Completed a painting job and billed customer P4,800.
Apr. 15 Received a P4,800 check from the customer billed on April 10.
Apr. 20 Paid the assistant P1500 for twenty-five hours' work.
Required -
1. Prepare the journal entries to record the transactions above.
2. Post the entries to T-Accounts or general ledger.
3. Prepare the Unadjusted Trial Balance.