Maribeth Paz owns and operates an interior design studio called Aesthetic Designs. The following events occurred during September 2022. A. Paz inherited P40,000 and deposited the cash in the business bank account. B. Performed services for a client and received cash of P14,000. C. Paid off the beginning balance of accounts payable. D. Purchased supplies on account, P5,000 E. Collected cash from a customer on account, P2,000. F. Paid salaries of employees, P8,400. G. Consulted on the interior design of a major office building and billed the clients for service rendered, P48,000. H. Recorded the following business expenses for the month: Paid office rent, P9,000 Paid advertising, P2,000 I. Sold supplies to another business for P1,500 cash, which was the cost of the supplies. J. Withdrew cash of P10,000 for personal use Instructions: c) Prepare a balance sheet at September 30, 2022.
Maribeth Paz owns and operates an interior design studio called Aesthetic Designs. The following events occurred during September 2022.
A. Paz inherited P40,000 and deposited the cash in the business bank account.
B. Performed services for a client and received cash of P14,000.
C. Paid off the beginning balance of accounts payable.
D. Purchased supplies on account, P5,000
E. Collected cash from a customer on account, P2,000.
F. Paid salaries of employees, P8,400.
G. Consulted on the interior design of a major office building and billed the clients for service rendered, P48,000.
H. Recorded the following business expenses for the month:
- Paid office rent, P9,000
- Paid advertising, P2,000
I. Sold supplies to another business for P1,500 cash, which was the cost of the supplies.
J. Withdrew cash of P10,000 for personal use
Instructions:
c) Prepare a
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