Scribd Logo
Upload

Welcome to Scribd!

  • 97 views

    FABM1 Journalize 1.1

    Uploaded by

    김현경
    The document provides the chart of accounts and transactions for Mulles Data Encodes for the month of May 2020. Nancy Mulles established the business on May 5, 2020 investing P157,000 cash. Various assets were purchased and bills were paid throughout the month. On May 28, Mulles withdrew P4,500 cash for personal use.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    FABM1 Journalize 1.1

    Uploaded by

    김현경
    97 views5 pages
    The document provides the chart of accounts and transactions for Mulles Data Encodes for the month of May 2020. Nancy Mulles established the business on May 5, 2020 investing P157,000 cash. Various assets were purchased and bills were paid throughout the month. On May 28, Mulles withdrew P4,500 cash for personal use.

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides the chart of accounts and transactions for Mulles Data Encodes for the month of May 2020. Nancy Mulles established the business on May 5, 2020 investing P157,000 cash. Various assets were purchased and bills were paid throughout the month. On May 28, Mulles withdrew P4,500 cash for personal use.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    97 views5 pages

    FABM1 Journalize 1.1

    Uploaded by

    김현경
    The document provides the chart of accounts and transactions for Mulles Data Encodes for the month of May 2020. Nancy Mulles established the business on May 5, 2020 investing P157,000 cash. Various assets were purchased and bills were paid throughout the month. On May 28, Mulles withdrew P4,500 cash for personal use.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    The chart of accounts for Mulles Data Encodes is as follows:

    Account Number Account Name Account Number


    Assets
    110 Cash 310
    120 Accounts Receivable 320
    130 Office Supplies
    140 Office Equipment 410
    150 Signage
    160 Computer Software 510
    Liabilities 520
    210 Accounts Payable 530
    540
    550

    Nancy Mulles established the Mulles Data Encodes on May 5, 2020.


    The following transactions occurred during the month.

    May-05 Mulles invested P157,000 cash to establish the business.


    May-06 Bought office desks and filing cabinet for cash, P15,150.
    May-06 Mulles invested in the business her personal computer with market value of P57,500.
    May-07 Bought computer software for use in the business from San Jose Computer Center for P39,000
    May-08 Bought bond paper and stationery on account, P2,290.
    May-08 Received cash for services rendered, P5,160.
    May-09 Ordered panaflex signage for P9,000 from Royal Bright Enterprises, with P5,000 downpayment
    May-15 Received bill for Advertising from Buy and Sell Newspaper, P3,230.
    May-18 Received and paid electric bill, P1,240.
    May-19 Paid bill for advertising previously recorded on May 15.
    May-20 Received cash for services rendered, P10,900.
    May-27 Paid salaries to employees, P8,400.
    May-28 Mulles withdrew cash for personal use, P4,500
    May-29 Paid rent for the month P5,300.
    May-29 Received and paid telephone bill, P800.

    Required: Journalize above transactions.


    Account Name
    Owner's Equity
    Mulles, Capital
    Mulles, Withdrawals
    Income
    Service Revenue
    Expenses
    Salaries Expense
    Advertising Expense
    Rent Expense
    Electricity Expense
    Communications Expense

    alue of P57,500.
    puter Center for P39,000, paying P15,000 down; the balance is due in 30days.

    th P5,000 downpayment and the balance due when installed.


    Mulles Data Encodes
    GENERAL JOURNAL
    For the month ended __May 2020__
    Page: 1
    DATE PARTICULARS Ref. DEBIT CREDIT
    Mulles Data Encodes
    GENERAL JOURNAL
    For the month ended __May 2020__
    Page: 2
    DATE PARTICULARS Ref. DEBIT CREDIT
    Mulles Data Encodes
    GENERAL JOURNAL
    For the month ended __May 2020__
    Page: 3
    DATE PARTICULARS Ref. DEBIT CREDIT

    You might also like