Answer Happy

Module 3 I. Directions: Problem Solving: Answer the problems below, use a separate sheet for your answers. Listed below were transactions of LBI Trading for the month of February 2021. Feb. 05 Purchased office supplies from NBG Merchandising P1,350 in cash. Feb 07 Purchased merchandise P50,120 on account from EPS 001 Trading, 2/15 n/30. Feb 10 Sold merchandise to Customer 0135 P20,100 in cash. Feb 15 Sales on account P4,510 to Lala Pitin. Feb 16 Paid electricity bills PEC Electricity Services in cash amounting P2,185. Feb 19 Collected accounts from Inter Agency Enterprises P 25,040 for the sales on account. Feb 22 Paid EPS 001 Trading in full for items purchased on Feb 07. Feb 23 Cash sales from Walk in Customer amounting P 1,010. Feb 25 Paid salaries of employees for the period Feb 10-25 amounting P 68,250. Feb 26 Purchase various merchandise from Rvee Wholesaler P60, 120 on account. A. Prepare the General Journal to journalize the transactions below. B. Record various transaction to special journals: Purchase Journal, Sales Journal, Cash Receipts Journal and Cash Disbursement Journal. Rubrics Category 5 4 3 1-2 3
Correctness Computed correctly Well Presentation presented One account not included in computation 1 to 2 accounts not presented Not computed correctly Many accounts not included Did not compute All accounts not presented