f PHP 50,000. Jan 12 - The company purchased supplies worth PHP 12,000 on account. Jan 18 - The business incurred PHP15,000 expenses and paid in cash. Jan 20 - Paid liabilities worth PHP 7,000. Jan 23 - The business used supplies worth PHP8,000. Jan 25 - Paid liabilities worth PHP 3,000 in cash. Jan 28 - The business earned PHP 80,000 cash from providing services. Jan 31 - The business incurred PHP 15,000 for car repair expenses and paid in cash.
f PHP 50,000. Jan 12 - The company purchased supplies worth PHP 12,000 on account. Jan 18 - The business incurred PHP15,000 expenses and paid in cash. Jan 20 - Paid liabilities worth PHP 7,000. Jan 23 - The business used supplies worth PHP8,000. Jan 25 - Paid liabilities worth PHP 3,000 in cash. Jan 28 - The business earned PHP 80,000 cash from providing services. Jan 31 - The business incurred PHP 15,000 for car repair expenses and paid in cash.
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 19EB: A business has the following transactions: A. The business is started by receiving cash from an...
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Question
Analyze and balance the
following transaction of Mr. Mallari
Jan 1 - The owner invested cash of PHP 1,000,000.
Jan 4 - Purchased equipment at PHP 100,000 for cash.
Jan 8 - The owner withdrew cash of PHP 50,000.
Jan 12 - The company purchased supplies worth PHP 12,000 on account.
Jan 18 - The business incurred PHP15,000 expenses and paid in cash.
Jan 20 - Paid liabilities worth PHP 7,000.
Jan 23 - The business used supplies worth PHP8,000.
Jan 25 - Paid liabilities worth PHP 3,000 in cash.
Jan 28 - The business earned PHP 80,000 cash from providing services.
Jan 31 - The business incurred PHP 15,000 for car repair expenses and paid in cash.
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