Business, 03.06.2021 14:00 20stirltrer

Journalize the following transactions using the perpetual inventory system. The following are transactions of Salgado and Delgado Merchandising center. Recorded transactions for January 2021

1. Mr. . Benjamin Salgado invested his savings to Salgado and Delgado construction corporation amounting to Php500,000 in cash and equipment worth Php250,000.00

8. He bought some pieces of furniture worth Php358,000 in cash for the office.

9. Purchases for the day summed up to Php680,000. 50% of which was paid in cash and remained on account.

11. Merchandise Inventory was reported to be Php850,000 and ready for sale this month.

13. The goods worth Php54,000 purchased by Santillan Construction were returned because they were defective and expired.

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Journalize the following transactions using the perpetual inventory system. The following are trans...

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