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Prepare the journal ledger jun-o repair all company

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Reference no: EM132984005

Problem 1: Prepare the Journal Ledger Jun-O Repair All Company.

June

01 The owner invested P 100,000 cash to open Jun-O Repair All Company

05 Bought supplies P 3,077.60, cash.

15 Paid insurance premium three months advance P 6,000.00

16 Mr. June Ong made an additional investment of P 50,000.00 cash.

17 Rendered services to Mr. Cruz P 17,000.00 receiving 50% cash; the balance on account.

22 Bought equipment on account, P 20,450.75

23 Paid P 7,045.00 personal accounts of the owner.

30 Made partial payment of accounts payable, P 10,000.00

 

Reference no: EM132984005

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