August 1 - Reyes invest P250,000 for a stating a Jewelry Business August 3-Reyes buys various repair equipment on credit P50, 000 August 5-Reyes bought land in cash P30, 000 August 7-Reyes pays partial on equipment bought on account P15, 000 August 9- Reyes paid in cash electricity, water, telephone bills for the business use P17, 000 August 10- Reyes pays the salaries and wages of laborers is P20, 000 Augst 11-Reyes withdraw P25, 000 for personal use

August 1 - Reyes invest P250,000 for a stating a Jewelry Business August 3-Reyes buys various repair equipment on credit P50, 000 August 5-Reyes bought land in cash P30, 000 August 7-Reyes pays partial on equipment bought on account P15, 000 August 9- Reyes paid in cash electricity, water, telephone bills for the business use P17, 000 August 10- Reyes pays the salaries and wages of laborers is P20, 000 Augst 11-Reyes withdraw P25, 000 for personal use

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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