Remy opened her ToursAFun business. During the first month, January, she completed the following transactions: Began business by investing cash of P300,000 a office equipment valued at P40,000, shop furniture worth P 65,000. Paid rent for the month, P20,000. Bought additional office equipment from Kapamilya Store on credit, P25,000. Bought shop supplies for cash P8,000. Received P20,000 from Sally for passporting services rendered. Purchased another office equipment for cash for P18,000. Completed work for Novy on credit, at P38,000. Paid telephone and internet services worth P5,200. Paid Kapamilya store in full. Received cash from customers for services rendered worth P24,000. Received P18,000 from Novy as partial payment of the amount she owes the Tours4Fun. a. b. c. d. e. f. g. h. i. J. k. Paid the salary of the office staff, P15,000. Bought another shop furniture worth P10,000 on credit. Miscellaneous expenses paid during the month were paid worth P27,000. 1. m. n.

Remy opened her ToursAFun business. During the first month, January, she completed the following transactions: Began business by investing cash of P300,000 a office equipment valued at P40,000, shop furniture worth P 65,000. Paid rent for the month, P20,000. Bought additional office equipment from Kapamilya Store on credit, P25,000. Bought shop supplies for cash P8,000. Received P20,000 from Sally for passporting services rendered. Purchased another office equipment for cash for P18,000. Completed work for Novy on credit, at P38,000. Paid telephone and internet services worth P5,200. Paid Kapamilya store in full. Received cash from customers for services rendered worth P24,000. Received P18,000 from Novy as partial payment of the amount she owes the Tours4Fun. a. b. c. d. e. f. g. h. i. J. k. Paid the salary of the office staff, P15,000. Bought another shop furniture worth P10,000 on credit. Miscellaneous expenses paid during the month were paid worth P27,000. 1. m. n.

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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