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1. Invested cash- P200,000, computer- P25,000, and sofa- P6,000. a. Cash 231,000 Pachicks, Capital 231,000 b. Cash 200,000 Equipment 25,000 Furniture 6,000 Pachicks, Capital 231,000 c. Pachicks, Capital 231,000 Cash 200,000 Equipment 25,000 Furniture 6,000 d. Cash 231,000 Pachicks, Capital 200,000 Equipment 25,000 Furniture 6,000 B A D

1. Invested cash- P200,000, computer- P25,000, and sofa- P6,000. a. Cash 231,000 Pachicks, Capital 231,000 b. Cash 200,000 Equipment 25,000 Furniture 6,000 Pachicks, Capital 231,000 c. Pachicks, Capital 231,000 Cash 200,000 Equipment 25,000 Furniture 6,000 d. Cash 231,000 Pachicks, Capital 200,000 Equipment 25,000 Furniture 6,000 B A D

FINANCIAL ACCOUNTING
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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Mya Pachicks opened a delivery service business named "Chicks To Go" on May 1, 2013. The following items were the transactions occurred during the month of May:

 

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1. Invested cash- P200,000, computer- P25,000, and sofa- P6,000. a. Cash 231,000 Pachicks, Capital 231,000 b. Cash 200,000 Equipment 25,000 Furniture 6,000 Pachicks, Capital 231,000 c. Pachicks, Capital 231,000 Cash 200,000 Equipment 25,000 Furniture 6,000 d. Cash 231,000 Pachicks, Capital 200,000 Equipment 25,000 Furniture 6,000 A
Transcribed Image Text:1. Invested cash- P200,000, computer- P25,000, and sofa- P6,000. a. Cash 231,000 Pachicks, Capital 231,000 b. Cash 200,000 Equipment 25,000 Furniture 6,000 Pachicks, Capital 231,000 c. Pachicks, Capital 231,000 Cash 200,000 Equipment 25,000 Furniture 6,000 d. Cash 231,000 Pachicks, Capital 200,000 Equipment 25,000 Furniture 6,000 A
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