MAKE JOURNAL ENTRIES: 1. A new accounting staff created a template… MAKE JOURNAL ENTRIES: 1. A new accounting staff created a template as instructed by the accounting manager for payment of various utilities which will be paid through petty cash: Electricity – P 1,500 Water – P 2,000 Internet – P 3,500 2. In relation to the number 1 transaction, the accounting manager said that the utilities will be paid through bank instead 3. The accounting manager gave the authority to the new accounting staff to post the transaction. However, after posting the initial transaction, the accounting manager found that the template created by the new accounting staff is insufficient because he/she did not include the rent amounting to P 15,000. 4. The accounting manager created an adjustment and added the rent amounting to P 15,000. Accounting Business Financial Accounting
