1. Business
  2. Accounting
  3. as of jan 12017mrjones decided to open a pizza restaurant...

Question: as of jan 12017mrjones decided to open a pizza restaurant...

Question details
As of Jan 1,2017.Mr.Jones decided to open a pizza restaurant in Hangzhou.The business will be known as Pizza Hut.During January,Pizza Hut entered into the following transactions

As of Jan 1, 2017. Mr. Jones decided to open a pizza restaurant in Hangzhou. The business will be known as Pizza Hut. During January, Pizza Fii ntred the following transactions: Dr 1. On Jan 1, Mr. Jones invested RMB 80,000 cash into the business. se 2n, Pizza Hut paid six months rent on a shop at Wulin Square for RMB 60,000. The payment was made in cash 3 On Jan 5, Pizza Hut bought a casualty insurance for RMB 3,000. The insurance would cover the coming 6 months. The payment was made in cash 4. On Jan 6t, Pizza Hut purchased office equipment on account for RMB 10,000. The equipment could be used for 10 months 5. On Jan 11, Pizza Hut paid cash for an advertisement published on Hangzhou Daily for RMB 1,000 6. On Jan 15, Pizza Hut sent Pizzas to a party hosted at Zhejang University. The service was provided on account for RMB 15,000 7. On Jan 20h, Pizza Hut paid China Bank RMB 5,000 for part of the debt incurred on Jan 6h, + 8. On Jan 20m, Pizza Hut bought new supplies for RMB 8,000 in cash. 9. On Jan 21, Pizza Hut received the payment of RMB 15,000 made by Zhejlang University of Science and Technology Chen or 10.On Jan.22nd, Mr. Jones withdrew RMB 15,000 for personal use. 11. On Jan 30P Pizza Hut recordedall pizza delivery service it provided in January. The total fees earned were RMB 15,000 in cash. 12. On Jan 31*, Pizza Hut paid Step 1 Analyzing and Recording Step 2 Posting transactions to the ledger ne bill and electricity bill for January. They totaled RMB 250. The payment was made in cash. in the journal
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution