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f Facebook A HW 2 - Analysis of Transactions 06 Accounting Equation and Eler x 05 Accounting Concepts and Pri r x 04_Types of Business According t x + A cdassroom.google.com/c/NDY5MZK0OTY4MJ13/a/NDC1MDA3OTAWMJYX/details * O 0 : ! Apps f (4) Facebook © Home - Canva M Gmail O Google Meet A Google Classroom srcs portal O a Telegram A My Drive - Google. a For Students - Quizi. + Promoting Physical. Dashboard > YouTube W De Guzman, Raye Adrian, M. - HW 2- Analysis of Transactions.docx E Open with Google Docs Homework 2 Ikaw passed the very difficult CPA board examination in October and immediately set-up his bookkeeping practice. During the first month of operation he completed the following transactions: a) Began the bookkeeping practice by placing P20,000 in bank account established for the business. b) Purchased a laptop computer for P30,000 - P10,000 in cash, balance in 5 monthly installments. c) Purchased office supplies for P4,000 on credit. d) Accepted P5,000 in cash for completing a bookkeeping contract. e) Billed clients P19,500 for services rendered during the month. f) Paid P2,000 of the amount owned for office supplies. g) Received P12,500 in cash from one client who had been previously billed for services rendered. h) Paid rent for the month in the amount of P12,000. i) Withdrew P400 from the practice for personal use. j) Paid monthly installment on the liability from the purchase of the laptop computer. REQUIRED: Show the effect of these transactions on the accounting equation by completing the table below. Identify each owner's equity transaction: Page 1 I 2 - Q + 12:58 PM へロG ) 国 2/27/2022

f Facebook A HW 2 - Analysis of Transactions 06 Accounting Equation and Eler x 05 Accounting Concepts and Pri r x 04_Types of Business According t x + A cdassroom.google.com/c/NDY5MZK0OTY4MJ13/a/NDC1MDA3OTAWMJYX/details * O 0 : ! Apps f (4) Facebook © Home - Canva M Gmail O Google Meet A Google Classroom srcs portal O a Telegram A My Drive - Google. a For Students - Quizi. + Promoting Physical. Dashboard > YouTube W De Guzman, Raye Adrian, M. - HW 2- Analysis of Transactions.docx E Open with Google Docs Homework 2 Ikaw passed the very difficult CPA board examination in October and immediately set-up his bookkeeping practice. During the first month of operation he completed the following transactions: a) Began the bookkeeping practice by placing P20,000 in bank account established for the business. b) Purchased a laptop computer for P30,000 - P10,000 in cash, balance in 5 monthly installments. c) Purchased office supplies for P4,000 on credit. d) Accepted P5,000 in cash for completing a bookkeeping contract. e) Billed clients P19,500 for services rendered during the month. f) Paid P2,000 of the amount owned for office supplies. g) Received P12,500 in cash from one client who had been previously billed for services rendered. h) Paid rent for the month in the amount of P12,000. i) Withdrew P400 from the practice for personal use. j) Paid monthly installment on the liability from the purchase of the laptop computer. REQUIRED: Show the effect of these transactions on the accounting equation by completing the table below. Identify each owner's equity transaction: Page 1 I 2 - Q + 12:58 PM へロG ) 国 2/27/2022

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 2TCL: CONDUCTING A FINANCIAL RATIO ANALYSIS ON HP INC. Use online resources to work on this chapters...
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Can someone explain the answer because I can't understand it a little bit. Thank you so much!!!

f Facebook A HW 2 - Analysis of Transactions 06_Accounting Equation and Elen x 05_Accounting Concepts and Prir × 04_Types of Business According + O X X A classroom.google.com/c/NDY5Mzk0OTY4Mjl3/a/NDc1MDA3OTAwMjYx/details : Apps f (4) Facebook C Home - Canva M Gmail Google Meet A Google Classroom srcs portal YouTube A My Drive - Google. Q For Students - Quizi... Promoting Physical.. Dashboard Telegram >> W De Guzman, Raye Adrian, M. - HW 2 - Analysis of Transactions.docx Open with Google Docs Homework 2 Ikaw passed the very difficult CPA board examination in October and immediately set-up his bookkeeping practice. During the first month of operation he completed the following transactions: a) Began the bookkeeping practice by placing P20,000 in bank account established for the business. b) Purchased a laptop computer for P30,000 - P10,000 in cash, balance in 5 monthly installments. c) Purchased office supplies for P4,000 on credit. d) Accepted P5,000 in cash for completing a bookkeeping contract. e) Billed clients P19,500 for services rendered during the month. f) Paid P2,000 of the amount owned for office supplies. g) Received P12,500 in cash from one client who had been previously billed for services rendered. h) Paid rent for the month in the amount of P12,000. i) Withdrew P400 from the practice for personal use. j) Paid monthly installment on the liability from the purchase of the laptop computer. REQUIRED: Show the effect of these transactions on the accounting equation by completing the table below. Identify each owner's equity transaction: Page 1 | 2 Q + 12:58 PM ^ O 4) E W 2/27/2022 ...
Transcribed Image Text:f Facebook A HW 2 - Analysis of Transactions 06_Accounting Equation and Elen x 05_Accounting Concepts and Prir × 04_Types of Business According + O X X A classroom.google.com/c/NDY5Mzk0OTY4Mjl3/a/NDc1MDA3OTAwMjYx/details : Apps f (4) Facebook C Home - Canva M Gmail Google Meet A Google Classroom srcs portal YouTube A My Drive - Google. Q For Students - Quizi... Promoting Physical.. Dashboard Telegram >> W De Guzman, Raye Adrian, M. - HW 2 - Analysis of Transactions.docx Open with Google Docs Homework 2 Ikaw passed the very difficult CPA board examination in October and immediately set-up his bookkeeping practice. During the first month of operation he completed the following transactions: a) Began the bookkeeping practice by placing P20,000 in bank account established for the business. b) Purchased a laptop computer for P30,000 - P10,000 in cash, balance in 5 monthly installments. c) Purchased office supplies for P4,000 on credit. d) Accepted P5,000 in cash for completing a bookkeeping contract. e) Billed clients P19,500 for services rendered during the month. f) Paid P2,000 of the amount owned for office supplies. g) Received P12,500 in cash from one client who had been previously billed for services rendered. h) Paid rent for the month in the amount of P12,000. i) Withdrew P400 from the practice for personal use. j) Paid monthly installment on the liability from the purchase of the laptop computer. REQUIRED: Show the effect of these transactions on the accounting equation by completing the table below. Identify each owner's equity transaction: Page 1 | 2 Q + 12:58 PM ^ O 4) E W 2/27/2022 ...
A HW 2 - Analysis of Transacti X 06_Accounting Equation an X 05_Accounting Concepts an x 04 Types of Business Accor X b Answered: Ikaw passed the x i.e. meaning - Google Searc x + O X A bartleby.com/questions-and-answers/ikaw-passed-the-very-difficult-cpa-board-examination-in-october-and-immediately-set-up-his-bookkeepi/a7aba563-127b-4eed-9dd2-61b03... H Apps f (4) Facebook C Home - Canva M Gmail Google Meet A Google Classroom YouTube 4 Telegram A My Drive - Google. Q For Students - Quizi. Promoting Physical. srcs portal Dashboard E Q&A Library Ikaw passed the very difficult CPA board examinatio... Office Type of owners equity transaction Accounts Accounts Cash Office supplies Ikaw, Capital receivable equipment payable a 20,000 (20,000) Capital brought |(10,000) 30,000 |(20,000) 4,000 |(4,000) d 5,000 (5,000) Revenue e 19,500 (19,500) Revenue f |(2,000) 2,000 12,500 (12,500) h (12,000) 12,000 Expense li (400) 400 Capital withdrawal |(4,000) (i.e 20,000/5) 4,000 Bal 9,100 7,000 4,000 30,000 (18,000) 32,100 Total 9,100 7,000 4,000 30,000 |(18,000) 32,100 2:47 PM 2/27/2022
Transcribed Image Text:A HW 2 - Analysis of Transacti X 06_Accounting Equation an X 05_Accounting Concepts an x 04 Types of Business Accor X b Answered: Ikaw passed the x i.e. meaning - Google Searc x + O X A bartleby.com/questions-and-answers/ikaw-passed-the-very-difficult-cpa-board-examination-in-october-and-immediately-set-up-his-bookkeepi/a7aba563-127b-4eed-9dd2-61b03... H Apps f (4) Facebook C Home - Canva M Gmail Google Meet A Google Classroom YouTube 4 Telegram A My Drive - Google. Q For Students - Quizi. Promoting Physical. srcs portal Dashboard E Q&A Library Ikaw passed the very difficult CPA board examinatio... Office Type of owners equity transaction Accounts Accounts Cash Office supplies Ikaw, Capital receivable equipment payable a 20,000 (20,000) Capital brought |(10,000) 30,000 |(20,000) 4,000 |(4,000) d 5,000 (5,000) Revenue e 19,500 (19,500) Revenue f |(2,000) 2,000 12,500 (12,500) h (12,000) 12,000 Expense li (400) 400 Capital withdrawal |(4,000) (i.e 20,000/5) 4,000 Bal 9,100 7,000 4,000 30,000 (18,000) 32,100 Total 9,100 7,000 4,000 30,000 |(18,000) 32,100 2:47 PM 2/27/2022
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