Answer to Question #281063 in Accounting for Bianca

Question

12 Performed fashion designing services for Bb. Pilipinas Organization worth P80,250, on account.

16 Received bill from National Bookstore for office supplies, P8,500. (Use Expense Method)

17 Catriona Gray paid cash for services rendered, P14,790.

22 Paid Shell Station for gasoline for service vehicle, P1,500.

24 Performed customized wedding gown designing services to Jennylyn Mercado and was billed for services

rendered, P17,500.

27 Paid Robinsons Cybergate P4,500 to apply on account.

29 Received P80,250 from Bb. Pilipinas Organization in full payment of account.

30 Billed Rabiya Mateo for services rendered, P21,600.

31 Receive and paid telephone bill, P2,300.

31 Paid salaries to employees, P31,500.

31 Beatrice withdrew cash for personal use, P18,000.

Answer 1

Solution:

The journal entries are as below: