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Purchased repair supplies for cash p 12 500

WebView full document. See Page 1. Activity 3 State the value received and value parted with in the following transactions: 1. Bought equipment from E and E Trading on credit, P 15,000. 2. Purchased from NBS Bookstore office supplies worth P 1,000 cash. 3. Billed XYZ Corp. for P 12,000 for legal services rendered. 4. WebILLUSTRATION • Transaction 1 • Oct. 1 – Mr. Gil opened a motor repair shop and invested P100,000 cash. A = L + P Cash P100,000 = 0 + Gil, Capital P100,000. Analysis: The asset, cash, is increased by P100,000. The proprietorship account is also increased by P100,000 2. Oct. 3 - He purchased repair supplies worth P25,000 on credit from De ...

Answered: October 1 - Invested P250,000 to start… bartleby

Web9. Purchased additional repair supplies P670 cash 10. Completed repair work for A. Martinez on credit, P9,800. 11. Paid the salary of the shop assistant, P2,500. 12. Paid … WebDate Account Name/Explanation P.R Debit Credit Sept. 3 Cash x 35,000 Repair Equipment x 15,000 W. Madison, Capital x 50,000 5 Office Supplies x 3,900 Cash x 3,900 8 Prepaid Insurance x 7,200 Cash x 7,200 10 Repair Equipment x 5,000 Accounts Payable x 5,000 12 Cash x 10,800 Repair Service Revenue x 10,800 15 Accounts Payable x 2,500 Cash x 2,500 grand havana barcelona https://fourseasonsoflove.com

Paid cash for supplies journal entry Example - Accountinguide

WebJun 30, 2024 · On July 1, 2024, Paul Brite started a TV repair business. July 1 He invested P50,000 in cash to start his business. 3 Purchased for cash shop supplies costing … WebJune 1 – Peter made the following investment: Cash – P200,000; Shop equipment – P300,000. 2 - Purchased shop supplies ... Collected the account on June 4. 12 – Received cash for services rendered, P3, 14 -Paid the electric bill, P4,500. 14 – Paid the weekly salary of mechanic. 16 – Bought shop supplies for cash, P2,500. 19 ... WebFeb 26, 2024 · 9. Purchased additional repair supplies P 670 cash. 10. Completed repair work for A. Martinez on credit, P9,800. 11. Paid the salary of the shop assistant, P2,500. 12. Paid P5,000 for the shop space. 13. Withdrew P 5,000 cash for personal use. 14. Collected the account due from A. Martinez. 15. Received in full the account due from V. Serna. Pa ... grand havana coffee stock

MODULE 3 Activity 1 PDF Debits And Credits Expense - Scribd

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Purchased repair supplies for cash p 12 500

3 5 purchased repair supplies by issuing check in the - Course Hero

WebOctober 1 - Invested P250,000 to start the business. October 2 - Paid P30,000 cash for various service equipment. October 5 - Paid P7,500 for the monthly rental of the shop. October 6 - Purchased various supplies from Lean Merchandising on credit for P18,500. October 7 - Bought additional service equipment for P65,000, with cash downpayment of. WebDecrease in an asset, decrease in stockholders' equity. Purchased supplies for cash, $1,100. a. a. Increase in an asset, decrease in another asset. b. Increase in an asset, increase in a …

Purchased repair supplies for cash p 12 500

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WebDuring the month, the company made purchases on account of $35,000 and made payments on account of $48,000. At October 31, 2016, the accounts payable balance is. During 2016, its first year of operations, Aida's Bakery had revenues of $65,000 and expenses of $35,000. The business had owner's drawings of $22,000. Web1. S. Roces opened an air-conditioning service and repair shop and began business by investing. P50,000 cash and the following additional assets: Office equipment P35,000; …

WebPurchased additional repair supplies P670 cash. Debit- Repair Supplies P670 Credit- Cash P670 10. Completed repair work for A. Martinez on credit, P9,800. Debit- Accounts … WebOwner contributes personal equipment to business $500 repair tools. Debit Rent Expense, Credit Cash. Company pays January (1st month) ... (12) Company buys repair supplies on account (credit) $650. Debit Cash 8,600 ... Purchased Repair supplies on credit, 1,000. Debit Cash Credit Accounts Receivable.

WebPurchased P1,200 of repair supplies on credit from A. Fuentes. 4. Purchased for cash a new typewriter, P14,500. 5. Paid for newspaper advertising, P1,500. 6. Completed repair work for S. Valdez and received P1,500 cash. 7. Completed repair work for P. Fernando P1,450. Accepted P800 and a promise to pay the balance in 30 days. 8. WebCash is increasing, which increases total assets on the balance sheet. Transaction 12: On January 30, 2024, purchases supplies on account for $500, payment due within three …

WebFeb 26, 2024 · 9. Purchased additional repair supplies P 670 cash. 10. Completed repair work for A. Martinez on credit, P9,800. 11. Paid the salary of the shop assistant, P2,500. …

chinese delray beach flWebASK AN EXPERT. Business Accounting 1- Invested P20,000 cash in the business 2 - Bought repair tools worth P3,200 and repair supplies P4,500 on credit from ABC Merchandising 3 … chinese demon physiologyWeb6-Received cash from customers for repair services rendered to them, P25,000. 9-Rendered repair services on credit, P 18,000. 10-Purchased additional repair supplies on credit, P6,350. 11-Returned P1,250 worth of repair supplies purchased on June 10. 12-Received payment from customers for repairs completed, 20,000. grand havana club nyc