5. Analyze the following tra transaction is given as an example. Stateme Financial Statement Total Assets +Revenues Total Liabili +250,000 - Expenses Business Transactions 1 Owner invested P250,000 cash to put a business. 2 Incurred legal expeuses and paid P10,000. 3 Paid cash for employee wages, P15,000. 4 Issued a note for a cash loan, P500,000. 5 Received P80,000 cash for service provided. COR down note for 50%.

5. Analyze the following tra transaction is given as an example. Stateme Financial Statement Total Assets +Revenues Total Liabili +250,000 - Expenses Business Transactions 1 Owner invested P250,000 cash to put a business. 2 Incurred legal expeuses and paid P10,000. 3 Paid cash for employee wages, P15,000. 4 Issued a note for a cash loan, P500,000. 5 Received P80,000 cash for service provided. COR down note for 50%.

Name: 3. A thirtyConstruction starteInc. will take over only in 202b. Using
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Description: 3. A thirtyConstruction starteInc. will take over only in 202b. Usingdeterc. PrepposFinancialefer toIncomeStatemeStatementtransaction is given as an example.Total+RevenuesTotale balarLiabilit pril traExpensesAssetsBusiness TransactionsIOwner investe

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 2.6P: Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How...

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