Give the effects of the following transactions on ASSETS, LIABILITIES, OWNER’S EQUITY, REVENUES,AND EXPENSES. 1. Maggie Caparas invested P10,000 cash in a beauty parlor.2. Paid P1,000 for rent.3. Purchased furniture worth P6,000 for cash.4. Bought equipment on accounts from Villena's Beauty Center for p5,000.5. Received P5,000 for services rendered.6. Paid Salary, P500.7. Bought supplies, P300.8. Partial payment of account with Villena's Beauty Center,P3,000.9. Receipts for the week,P5,000.

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Description: Give the effects of the following transactions on ASSETS, LIABILITIES, OWNER’S EQUITY, REVENUES,AND EXPENSES. 1. Maggie Caparas invested P10,000 cash in a beauty parlor.2. Paid P1,000 for rent.3. Purchased furniture worth P6,000 for cash.4. Bought eq

Asset = Liability + Equity + Revenue - Expenses There will always be an equal effect in both the…

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Business

Accounting

Give the effects of the following transactions on ASSETS, LIABILITIES, OWNER’S EQUITY, REVENUES, AND EXPENSES.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4MC: A car dealership sells a car to a customer for $35,000. The customer makes a 10% down payment, and...

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