2.1 Write up the asset and liability and capital accounts to record the following transactions in the records of J. Beach. 2022 July 1 Started business with PHP62,000 in the bank. Bought office furniture by cheque PHP3,700. 3 Bought computers PHP1,710 on credit from VPC Ltd. Bought a van paying by cheque PHP9,800. 5 8 Sold some of the office furniture - not suitable for the business-for PHP450 on credit to D. Bush & Sons. 2 15 Paid the amount owing to VPC Ltd PHP1,710 by cheque. 23 Received the amount due from D. Bush & Sons PHP450 by cheque. 31 Bought machinery by cheque PHP310.

please help with the question that is attached as a picture. thanks

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Chrome File Edit View History Bookmarks Profiles Tab Window Help Project Chapters 5-7 Content WP NWP Assessme X 2,041 Content OCT 26 education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=36ec0bd6-8a4b-4bac-8fcd-95120acedb08#/question/0 Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress Cash On December 1, 2022, Sheffield Corp. had the following account balances. Notes Receivable Accounts Receivable Inventory Prepaid Insurance Equipment Dec. 7 1. × 2. 12 (a) 17 19 22 26 31 Adjustment data: terms 1/10 n/30 × bExplain the appl X During December, the company completed the following transactions. > Debit $18,100 2,500 7,800 tv 15,500 1,500 28,100 $73,500 Accumulated Depreciation-Equipment Accounts Payable Common Stock Retained Earnings Depreciation was $210 per month. Insurance of $400 expired in December. Your answer is partially correct. Credit $3,100 6,000 loc 50,300 Received $3,600 cash from customers in payment of account (no discount allowed).…