Kindly help me in the step 1 of Accounting CycleShow the following1. IDENTIFYING AND ANALYZING business documents or transaction The transactions they had for December 2020 is advanced view of what is to come for the shop in 2021:Sales (framed articles)Framing Projects (delivered but not yet paid)Php 46 750.00Php 67 740.00Php 25 000.00Php 33 580.00Php 15 450.00Php 25 550.00Php 3 675.00Php 10 540.00Payroll (2 personnel)Cash (30 November)RentalPurchases (framing materials)Purchases (framing supplies)Collection of accounts receivableSHOW THE FOLLOWING:1) IDENTIFYING AND ANALYZING business documents or transactions.

Business documents are the various documents based on which the transactions are recorded in the…

Answered: 1. IDENTIFYING AND ANALYZING business…

Business

Accounting

1. IDENTIFYING AND ANALYZING business documents or transaction

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Kindly help me in the step 1 of Accounting Cycle

Show the following

1. IDENTIFYING AND ANALYZING business documents or transaction

The transactions they had for December 2020 is advanced view of what is to come for the shop in 2021:
Sales (framed articles)
Framing Projects (delivered but not yet paid)
Php 46 750.00
Php 67 740.00
Php 25 000.00
Php 33 580.00
Php 15 450.00
Php 25 550.00
Php 3 675.00
Php 10 540.00
Payroll (2 personnel)
Cash (30 November)
Rental
Purchases (framing materials)
Purchases (framing supplies)
Collection of accounts receivable
SHOW THE FOLLOWING:
1) IDENTIFYING AND ANALYZING business documents or transactions.

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