Reference no: EM132652149
Question - What is the T-accounts, journal entry and trial balance of this question?
On March 1 of the current year E. estrada opened a TV repair shop by investing. P 100,000 cash in the business. He completed the following transactions in the said month.
March 2-paid the rent of the shop space for the month, P 4,500.
March 5-purchased shop supplies for cash, P 16,700.
March 7-paid P 6,500 for news paper advertising.
March 8-purchased a filling cabinet from T.Agbayani traiding on credit P 34,500.
March 9-purchased a service truck,P 150,000 on credit. Gave P 30,000 cash and note for the balance.
March 13-completed repair work to various customers and recieve P 25,000 in full payment therefore.
March 15-completed repair work for A. Tantay, P 1,500 accepted 500 cash and a promissory note for the balance.
March 19-paid T. Agbayani trading.
March 25-received payment from A. Tantay.
March 26-paid utility bills, P 1,750.
March 27-withdrew P 5,000 cash for personal living expenses.
March 30-paid the helper's salary, P 5,000.
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