Activity #5: Classify The following transactions pertain to the operations of Happy Events, an events planning company owned by Jessie Natividad. The entity had the followinn transactions during the month: a) Received P180,000.00 cash investment from the owner b) Provide P400,000.00 services on account c) Incurred P220,000.00 operating expenses on account d) Collected P320,000.00 cash from accounts receivable e) Allowed P30,000.00 cash withdrawal to the owner of the business ) Paid P160,000.00 cash on accounts payable g) Performed services for P30,000.00 cash onibet

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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• How much is CUJI
• How much is cash as at December 31, 2019?
Activity #5: Classify
The following transactions pertain to the operations of Happy Events, an event
planning company owned by Jessie Natividad. The entity had the following
transactions during the month:
a) Received P180,000.00 cash investment from the owner
b) Provide P400,000.00 services on account
c) Incurred P220,000.00 operating expenses on account
d) Collected P320,000.00 cash from accounts receivable
e) Allowed P30,000.00 cash withdrawal to the owner of the business
f) Paid P160,000.00 cash on accounts payable
g) Performed services for P30,000.00 cash
• How is the net or Ih cash for the year?
Transcribed Image Text:• How much is CUJI • How much is cash as at December 31, 2019? Activity #5: Classify The following transactions pertain to the operations of Happy Events, an event planning company owned by Jessie Natividad. The entity had the following transactions during the month: a) Received P180,000.00 cash investment from the owner b) Provide P400,000.00 services on account c) Incurred P220,000.00 operating expenses on account d) Collected P320,000.00 cash from accounts receivable e) Allowed P30,000.00 cash withdrawal to the owner of the business f) Paid P160,000.00 cash on accounts payable g) Performed services for P30,000.00 cash • How is the net or Ih cash for the year?
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