B.3. ACCOUNTING MASTER 2 Ms Maria Soriano, an accountant by profession is engaged in Malaya Transport Co., a service based company She completed the following transactions from this business's current month. 1. Purchased equipment on account for P 15.500, payment due within the month. 2. Receives P8, 200 cash in advance from a customer for services not yet rendered. 3. Provides P12, 000 in transport services to a customer who ask to be billed for the services. Directions: Analyze each transaction then complete the table below by the necessary data. Transaction No.1: Assets Liabitities Owner's Equity Transaction No.2: Assets Liabilities Owner's Equity Transaction No.3: Assets Liabilities Owner's Equity
B.3. ACCOUNTING MASTER 2 Ms Maria Soriano, an accountant by profession is engaged in Malaya Transport Co., a service based company She completed the following transactions from this business's current month. 1. Purchased equipment on account for P 15.500, payment due within the month. 2. Receives P8, 200 cash in advance from a customer for services not yet rendered. 3. Provides P12, 000 in transport services to a customer who ask to be billed for the services. Directions: Analyze each transaction then complete the table below by the necessary data. Transaction No.1: Assets Liabitities Owner's Equity Transaction No.2: Assets Liabilities Owner's Equity Transaction No.3: Assets Liabilities Owner's Equity
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter1: Business Transactions (ptrans)
Section: Chapter Questions
Problem 4R: On June 1 of the current year, Wilson Wood opened Woodys Web Services. This sole proprietorship had...
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