Journalize the following selected transactions for January 2012
in a two-column journal. Journal entry explanations may be
omitted.
Jan 1 Received cash from the investment made by the owner,
P15,000.
2 Received cash for providing accounting services, P8,000.
3 Billed customers on account for providing services, P4,000.
4 Paid advertising expense, P400.
5 Received cash from customers on account, P3,500.
6 Owner withdraws, P1,000
7 Received telephone bill, P100
8 Paid telephone bill, P100.
Date | Description | Post Ref | Debit | Credit |
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