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2021 Sept. 1-Neo Avilas opened a television repair shop he called "Neo Repair Shop." He began business by investing P2,500 in cash and the following assets: repair tool, P1,200; repair supplies P1,500; and a truck, P20,000. 2-Paid P250 for newspaper advertising announcing the opening of his shop. 3-Purchased office tables and chairs and filling cabinets from Santiago Furniture on credit, P6,500. 5- Completed repair work for R.Gil on credit, P1,200. 9-Completed repair work for M. Soriano, P2,200. Accepted P1,000 in cash and promised to pay the balance after five days. 15-Paid the wages of the shop helper, P450. 18-Paid one-half of account due to Santiago Furniture and issued a promissory note for the other half. 20-R.Gil paid his account. 25-Withdrew cash for P750 for personal use. 28-Received P2,500 from S. Sena for repair service rendered. 30-Paid the monthly utility bills, P150. 30-Paid the month's rent of the shop, P1,000. 30-Wages of the shop helper, P450.
Sagot :
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