Construct an analysis of the following transaction and use the table: Assets = Liabilities + Owner's Equity Account title Debit Credit Account title Debit Credit Account title Debit Credit Mrs. Mason completed these transactions during the first month of her business’s operations: Date Transactions April 2 Talas invested P14,000 cash to start her business. 2 Paid monthly rent, P500 3 Paid cash for a Dell computer, P2,000. 4 Purchased office furniture on account, P3,600. 10 Purchased supplies on account, P300. 15 Performed service to customers on account, P1,700 22 Paid salaries, P200 25 Performed service for customers and received cash for the full amount of P800 26 Paid P1,000 for the office furniture purchased on September 4 and gave a note payable for the remaining accounts payable 30 Received P1,500 from customers billed before.

Construct an analysis of the following transaction and use the table: Assets = Liabilities + Owner's Equity Account title Debit Credit Account title Debit Credit Account title Debit Credit Mrs. Mason completed these transactions during the first month of her business’s operations: Date Transactions April 2 Talas invested P14,000 cash to start her business. 2 Paid monthly rent, P500 3 Paid cash for a Dell computer, P2,000. 4 Purchased office furniture on account, P3,600. 10 Purchased supplies on account, P300. 15 Performed service to customers on account, P1,700 22 Paid salaries, P200 25 Performed service for customers and received cash for the full amount of P800 26 Paid P1,000 for the office furniture purchased on September 4 and gave a note payable for the remaining accounts payable 30 Received P1,500 from customers billed before.

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Description: Construct an analysis of the following transaction and use the table:Assets =Liabilities +Owner's Equity Account titleDebitCredit Account titleDebitCredit Account titleDebitCredit Mrs. Mason completed these transactions during the first month of h

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter23: Accounting For Partnerships

Section: Chapter Questions

Problem 1MP

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Assets			=	Liabilities			+	Owner's Equity
Account title	Debit	Credit		Account title	Debit	Credit		Account title	Debit	Credit

Date	Transactions
April 2	Talas invested P14,000 cash to start her business.
2	Paid monthly rent, P500
3	Paid cash for a Dell computer, P2,000.
4	Purchased office furniture on account, P3,600.
10	Purchased supplies on account, P300.
15	Performed service to customers on account, P1,700
22	Paid salaries, P200
25	Performed service for customers and received cash for the full amount of P800
26	Paid P1,000 for the office furniture purchased on September 4 and gave a note payable for the remaining accounts payable
30	Received P1,500 from customers billed before.