question archive Integrating Problem (10 points, 10 points with correct formatting of journal entries

Integrating Problem (10 points, 10 points with correct formatting of journal entries

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Integrating Problem (10 points, 10 points with correct formatting of journal entries. Send in your excel file containing the journal entries in the correct format. ). 2. What are the ending balances of these accounts Cesar, a sole proprietor, started a business. During January 2022, the first month of operations, the following transactions occurred: January a. 1- Invested cash in the business, P100,000. b. 2- Bought various office supplies for cash, P20,000. C. 3- Loaned P50,000 from a bank for additional funds. P 3- Hired a worker to assist him in the business for a salary of P5,000 per month. e. 10- Bought office furniture on account, P30,000. f 10- Bought an equipment worth P60,000. The company made 60% cash down payment and the balance on open account. g. 15- Invested additional cash in the business, P5,000. 15- Bought another equipment worth P80,000. The company made 50% cash down payment and issued a promissory note for the balance. i. 18- Withdrew P2,000 for personal use. 20 - Paid P10,000 of the amount due in transaction (e). K 25 - Settled the promissory note in transaction (h) using the owner's own cash. a) Cash b) Supplies c) Office Furniture d) Equipment e) Bank Loan Payable f) Accounts Payable g) Notes Payable h) Capital i) Salaries Expense

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