Reference no: EM133116650

Question - On May 1, 2021 Myrna Villanueva opened Self-service Laundry. During Maya.

a. Villueva deposited P250,000 in bank account in the name of the business.

b. Bought chairs and table paying cash P6,700 and laundry supplies on a account from Salvador Company P3,250.

c. Bought washing machines and dryers from Ilo-Ilo Equipment Company, 115,000, paying P35,000 in cash and the balance on account.

d. Revenue earned on cash basis for the first half of the month P19,250.

e. Bought insurance for one year, P4,500.

f. Paid accounts to Ilo-Ilo Equipment Company, P7,000.

g. Revenue earned in cash basis for the seconds half of the month, P12,350.

h. Paid Salaries of the part-time assistant, P7,400 and the electric bill, P2,800.

i. Villanueva withdrew cash for personal use, P5,000.

j. Paid account to Salvador Supply Company.

Required - Prepare the following in good form

A. Journalize the following transaction in the journal paper.

B. Post the transaction in the general ledger.

C. Prepare the trial trial balance of balances.

D. Prepare the Financial Transaction Worksheet.