Yoon Hye-jin opened a dental service business opened on October 1, 2021. Initial investment recorded are as follows: Cash: P180,000 Dental Equipment: P220,000 Dental Supplies: P80,000 Total Initial Investment: P480,000 On its first month of operation, the business has rendered dental services for a total amount of P180,000. Cash withdrawal of the owner for personal use amounted to P30,000. Total Expenses was P70,000 which include the costs of salaries, utilities and rent for the month. Credit purchases of dental supplies have reached a total of P90,000 and remains unpaid as of end October 2021. How much is the increase in
Yoon Hye-jin opened a dental service business opened on October 1, 2021. Initial investment recorded are as follows: Cash: P180,000 Dental Equipment: P220,000 Dental Supplies: P80,000 Total Initial Investment: P480,000 On its first month of operation, the business has rendered dental services for a total amount of P180,000. Cash withdrawal of the owner for personal use amounted to P30,000. Total Expenses was P70,000 which include the costs of salaries, utilities and rent for the month. Credit purchases of dental supplies have reached a total of P90,000 and remains unpaid as of end October 2021. How much is the increase in
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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