A. Juliana invested P700,000. B. Airplane was purchase by business for P 450,000. C. Equipment purchase on credit for 8,000. D. A bill of P7,000 for transporting goods was sent to Mrs. Edge, a customer. E. Cash of P6,000 is received from Mrs. Edge. F. Received P20,000 in cash for transporting goods. G. A payment of P6,000 was made on the equipment purchased in c. H. Paid expenses of different types for P1,500 in cash. 1. Equipment of P1,000 was withdrawn from business for Naz Roby's personal use. | Owner's equity assets AIRPLAN ACC RECEIVABL kabilities ACC PAYABLE CASH EQUIPME NT a bal bal bal bal bal bal bal bal bal ТОTAL

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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PROBLEM: Selected transactions from
Juliana transport services began on
August 6, 2020 by Naz Roby as?
A. Juliana invested P700,000.
B. Airplane was purchase by business for P 450,000.
C. Equipment purchase on credit for 8,000.
D. A bill of P7,000 for transporting goods was sent to Mrs. Edge, a customer.
E. Cash of P6,000 is received from Mrs. Edge.
F. Received P20,000 in cash for transporting goods.
G. A payment of P6,000 was made on the equipment purchased in c.
H. Paid expenses of different types for P1,500 in cash.
1. Equipment of P1,000 was withdrawn from business for Naz Roby's personal use.
| Owner's equity
assets
AIRPLAN EQUIPME
liabilities
ACC
PAYABLE
ACC
CASH
NT
RECEIVABL
a
bal
b.
bal
bal
bal
bal
f
bal
bal
bal
bal
TOTAL
Transcribed Image Text:PROBLEM: Selected transactions from Juliana transport services began on August 6, 2020 by Naz Roby as? A. Juliana invested P700,000. B. Airplane was purchase by business for P 450,000. C. Equipment purchase on credit for 8,000. D. A bill of P7,000 for transporting goods was sent to Mrs. Edge, a customer. E. Cash of P6,000 is received from Mrs. Edge. F. Received P20,000 in cash for transporting goods. G. A payment of P6,000 was made on the equipment purchased in c. H. Paid expenses of different types for P1,500 in cash. 1. Equipment of P1,000 was withdrawn from business for Naz Roby's personal use. | Owner's equity assets AIRPLAN EQUIPME liabilities ACC PAYABLE ACC CASH NT RECEIVABL a bal b. bal bal bal bal f bal bal bal bal TOTAL
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