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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:ACCOUNTS
FURNITURES
ACCOUNTS
UTILIITES
OWNER'S
TRANSACTION
CASH
RECEIVABLES
& FIXTURES
PAYABLE
PAYABLE
EQUITY
1. Mr. Chu invested P65,000
2. Mr. Chu bought furnitures for his business worth
P9,675
3. Mr. Chu borrowed P47,000 from Ms. Chi to add to
his business
4. Mr. Chu sold P31,850 worth of products on account
5. Mr. Chu paid the water, electricity and internet
bill worth, P900, P3200 and P1999, respectively
6. Mr.Chu delivered orders and received payment of
P18,950 for the products
7. Mr. Chu paid Ms. Chi P32,000
8. Mr. Chu invested another P16,200
9. Mr. Chu Paid Ms. Chi t
3,000
Total Assets:
Total Liabilities:
Total Owner's Equity:
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