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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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