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Cass Sy put up her own internet business. The following are the transactions for the month of June 2021. June 01 Ms. Sy opened up a spa by investing her savings of P50,000 and the proceeds from the sale of her car P150,000 08 Roual DE O0O

Cass Sy put up her own internet business. The following are the transactions for the month of June 2021. June 01 Ms. Sy opened up a spa by investing her savings of P50,000 and the proceeds from the sale of her car P150,000 08 Roual DE O0O

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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Cass Sy put up her own internet business. The following are the transactions for the month of June 2021. June 01 Ms. Sy opened up a spa by investing her savings of P50,000 and the proceeds from the sale of her car P150,000 08 Bought spa supplies, P5,000 15 Issued a promissory note for facial bed and facial steamers bought on account, P50,000 16 Rendered services for cash, P10,000 23 Bought supplies for cash, P2,000 26 Paid electricity bill, P12,000 30 Rendered services for cash, P20,000
Transcribed Image Text:Cass Sy put up her own internet business. The following are the transactions for the month of June 2021. June 01 Ms. Sy opened up a spa by investing her savings of P50,000 and the proceeds from the sale of her car P150,000 08 Bought spa supplies, P5,000 15 Issued a promissory note for facial bed and facial steamers bought on account, P50,000 16 Rendered services for cash, P10,000 23 Bought supplies for cash, P2,000 26 Paid electricity bill, P12,000 30 Rendered services for cash, P20,000
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