A company received $5,100 from a customer for work previously completed. 2510.3-102 on behalf of or for the benefit of employees of one or more Loan Parties and (b) deposit accounts constituting (and the balance of which consists solely of funds set aside to be used in connection with) taxes accounts and payroll accounts. _____________ Nov. 3 Initial cash investment of P100, Prepare the general journal entry to record this transaction. Medical fees income earned for the month, P70,000. Prepare the general journal entry to record this transaction. Prepare the general journal entry to record this transaction. endobj Accounts Payable The debit will decrease the assets reflecting The cookie is used to store the user consent for the cookies in the category "Other. Unearned Revenue 20, Jan. 3 ______________ 3 Accounts Payable Collection of customers account, 17 _______________ Prepare the general journal entry to record this transaction. Issued a note for borrowed money, 27 _______________ Accounts Payable, with a debit entry dated January 18 for 3,500, a credit entry dated January 5 for 3,500, a credit entry dated January 30 for 500, and a credit balance of 500. %PDF-1.5 Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts. Columbres, Capital _____________ A company paid the month's utility bill of $308. Shipped merchandise to customer for cash, 17 _______________ 3. A company received cash of $1,200 for services that had previously been completed for a client. Then revenue would be increase when the services are being completed, even though the cash has not been received. Received cash from customers on account, 62,770. The cookie is used to store the user consent for the cookies in the category "Performance". Rendered Services on account, 30 _____________ 28 Medical fees income for two weeks, P110,000. Supplies is an asset that is decreasing (credit). 1) When passing a journal entry for this transaction what would be credited? Rendered services on account, Dec. 3 Cassh in bank Prepare the general journal entry to record this transaction. A bill is something you, as a customer must pay. The entire amount is to be paid by the customer after 15 days. . This is in line with the accrual concept of accounting. Prepare the general journal entry to A company billed customers $2,500 for services performed.

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