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Balance and solve the problem. ACCOUNTS FURNITURES ACCOUNTS UTILIITES OWNER'S TRANSACTION CASH RECEIVABLES & FIXTURES PAYABLE PAYABLE EQUITY Mr. Chu invested P65,000 Mr. Chu bought furnitures for his business worth ,675 Mr. Chu borrowed P47,000 from Ms. Chi to add to s business Mr. Chu sold P31,850 worth of products on account Mr. Chu paid the water, electricity and internet I worth, #900, P3200 and P1999, respectively Mr.Chu delivered orders and received payment of 8,950 for the products Mr. Chu paid Ms. Chi P32,000 Mr. Chu invested another P16,200_ Mr. Chu Paid Ms. Chi P 3,000

Balance and solve the problem. ACCOUNTS FURNITURES ACCOUNTS UTILIITES OWNER'S TRANSACTION CASH RECEIVABLES & FIXTURES PAYABLE PAYABLE EQUITY Mr. Chu invested P65,000 Mr. Chu bought furnitures for his business worth ,675 Mr. Chu borrowed P47,000 from Ms. Chi to add to s business Mr. Chu sold P31,850 worth of products on account Mr. Chu paid the water, electricity and internet I worth, #900, P3200 and P1999, respectively Mr.Chu delivered orders and received payment of 8,950 for the products Mr. Chu paid Ms. Chi P32,000 Mr. Chu invested another P16,200_ Mr. Chu Paid Ms. Chi P 3,000

FINANCIAL ACCOUNTING
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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1. Balance and solve the problem. ACCOUNTS FURNITURES ACCOUNTS UTILIITES OWNER'S TRANSACTION CASH RECEIVABLES & FIXTURES PAYABLE PAYABLE EQUITY 1. Mr. Chu invested P65,000 2. Mr. Chu bought furnitures for his business worth P9,675 3. Mr. Chu borrowed P47,000 from Ms. Chi to add to his business 4. Mr. Chu sold P31,850 worth of products on account 5. Mr. Chu paid the water, electricity and internet bill worth, P900, P3200 and P1999, respectively 6. Mr.Chu delivered orders and received payment of P18,950 for the products 7. Mr. Chu paid Ms. Chi P32,000 8. Mr. Chu invested another P16,200 9. Mr. Chu Paid Ms. Chi P 3,000 Total Assets: Total Liabilities: Total Owner's Equity:
Transcribed Image Text:1. Balance and solve the problem. ACCOUNTS FURNITURES ACCOUNTS UTILIITES OWNER'S TRANSACTION CASH RECEIVABLES & FIXTURES PAYABLE PAYABLE EQUITY 1. Mr. Chu invested P65,000 2. Mr. Chu bought furnitures for his business worth P9,675 3. Mr. Chu borrowed P47,000 from Ms. Chi to add to his business 4. Mr. Chu sold P31,850 worth of products on account 5. Mr. Chu paid the water, electricity and internet bill worth, P900, P3200 and P1999, respectively 6. Mr.Chu delivered orders and received payment of P18,950 for the products 7. Mr. Chu paid Ms. Chi P32,000 8. Mr. Chu invested another P16,200 9. Mr. Chu Paid Ms. Chi P 3,000 Total Assets: Total Liabilities: Total Owner's Equity:
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