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Assignment guide assignment 3 requirement

ASSIGNMENT GUIDE Assignment The company completed the following transactions in July of MR COVID engaged in Laundry Services July Mr Covid invested in the business cash Php Paid rent for the month Php Received cash from servi ces rendered to Lite Condos Php Bought supplies worth Php cash Bough equipment on account from U -bay Equipment Php Paid electric bill Php Borrowed from bank Php signed a promissory note Billed C ity Square for serv ices already performed Php Received cash from customers on account Php Paid cash for liability insurance one year Php Paid Php on account to U -bay Equipment Paid salaries to part -time employees Php Received cash for services performed Php Mr Covid withdrew cash for personal use Php Requirement Prepare Chart of Account using the following accounts Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accounts Payable Notes Payable Covid Capital Covid Withdrawal Laun dry Income Salaries Expense Rent Expense Utilities Expense Prepare Journal Entries for July Transactions Prepare Trial Balance Prepare Financial Statement as of for the period ended July SUBMISSION INSTRUCTION S Answer sheets are available in the course site Kindly log in to your account and download the worksheet answer sheets Kindly take note the deadline reflected in your course schedule Please save your work and follow this format FAMILYNAME ASSIGNMENT and submit it through our submission bin Thank you and keep in touch with your instructor if you have questions