1I. IN IVITY Listed below are ten business transactions for Puring Company during its first month of operations: Owner invested cash in the business amounting to P300 000 h. Purchased equipment for cash amounting to P50 000 C. Purchased inventories through credit amounting to P35 000 d. Purchased furniture amounting to P30 000. Made partial payment with cash (P10 000) and incurred an accounts payable for the balance (P20 000) Paid cash to the local government for business permit (P9 000) Made sales of P17000 - P12 000 cash sales, P5 000 credit sales. The cost of the sales made in (f) amounted to P8 500. Paid the accounts payable in (d) ut of the P5 000 credit sales in (f)

1I. IN IVITY Listed below are ten business transactions for Puring Company during its first month of operations: Owner invested cash in the business amounting to P300 000 h. Purchased equipment for cash amounting to P50 000 C. Purchased inventories through credit amounting to P35 000 d. Purchased furniture amounting to P30 000. Made partial payment with cash (P10 000) and incurred an accounts payable for the balance (P20 000) Paid cash to the local government for business permit (P9 000) Made sales of P17000 - P12 000 cash sales, P5 000 credit sales. The cost of the sales made in (f) amounted to P8 500. Paid the accounts payable in (d) ut of the P5 000 credit sales in (f)

Name: i the asset side equate to all the changes in the liabilities and equ
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Description: i the asset side equate to all the changes in the liabilities and equity side, thereyetaining the accounting identity.P00INDIVIDUAL ACTIVITY000Listed below are ten business transactions for Puring Company during its first month of operationsOwner in

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement

Section: Chapter Questions

Problem 20P

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Profile Co has the following assets and liabilities: Assets: Cash $100 , account receivable,$150 ; Inventory,$240 ,land $200, plant net of accumulated amortization $300 : liabilities short term bank loan, $60 : accounts payable long term loan mortage loan ,$160 ,profolio co long term assets total was