Sept. 7 10 1 Snare invested cash amounting to P 550,000 and furniture worth P85,000. 3 12 16 17 2 19 14 days, P3,800. 15 24 25 Paid rent for September, P8,500. Received cash from the customers on account, P36,000. Ordered supplies and paid cash, P6,800. Received payment from customers for services rendered, P38,000 Made a payment on accounts payable, P11,000. Received the supplies ordered in September and agreed to pay in thirty Paid the salaries for the first half of September, P19,000. Bought equipment on account 25,000. Discovered some of the supplies were not as ordered and returned them for full Credit, P1000 Received cash from a customer for services rendered, P58,000.85. Paid the electric and water bill for September, P1,600. Paid the telephone bill for September, P1,200

Sept. 7 10 1 Snare invested cash amounting to P 550,000 and furniture worth P85,000. 3 12 16 17 2 19 14 days, P3,800. 15 24 25 Paid rent for September, P8,500. Received cash from the customers on account, P36,000. Ordered supplies and paid cash, P6,800. Received payment from customers for services rendered, P38,000 Made a payment on accounts payable, P11,000. Received the supplies ordered in September and agreed to pay in thirty Paid the salaries for the first half of September, P19,000. Bought equipment on account 25,000. Discovered some of the supplies were not as ordered and returned them for full Credit, P1000 Received cash from a customer for services rendered, P58,000.85. Paid the electric and water bill for September, P1,600. Paid the telephone bill for September, P1,200

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 15EB: Discuss how each of the following transactions will affect assets, liabilities, and stockholders...

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