please answer. What I Can DoDirections: Analyze the transactions of Kim as the owner of Chinita Girl SpaServices. Record the transactions using a financial transactionworksheet indicated on the next page. Write your answers on aseparate sheet of paper.etobJuneKim invested Php 500,000.00 cash and equipment amounting toPhp100,000.00 to open Chinita Girl Spa.1She borrowed Php 50,000.00 cash from Bamba Bank to beused for her business.She bought tables and chairs from Maginhawa Furnitures andpaid Php 20,000.00 cash.Various equipment were purchased on account from BeautyShoppy for Php 50,000.00.15in oble18She made a withdrawal of Php 10,000.00 for her personal use.20The account due to Beauty Shoppy was paid in cash.21Chinita Girl Spa Services was hired. The cash of Php 10,000.00was received from the customer.22Gas and oil worth Php 1,000.00 and equipment repairs worthPhp 1,000.00 were paid in a cash transaction.24Service was hired again by a customer for Php 15,000.00 butthis time the customer was only able to pay Kim 50% on thatday and she made a promise to pay the other 50% on June 30.25She paid Php 1,000.00 for the telephone bill.Another customer hired the services of Chinita Girl Spa Services.A bill was issued to them for Php 30,000.00 and 50% of it was27collected.30The remaining balance on the transaction last June 24 waspaid in cash.302888id She paid Php 5,000.00 for the office rental space and Php4,000.00 for employees' salaries. Chinita Girl Spa ServicesFinancial Transaction WorksheetMonth of June, 2020OWNER'SDateASSETSLIABILITIESEQUITYOtherKim,CapitalAccountsLoansAccountsAccountJuneCashFurnituresEquipmentRecelvablePayablePayableTitle1.715182021222425273030Bal.TotalBalancesad le e le sd lo om li a

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Directions: Analyze the transactions of Kim as the owner of Chinita Services. Record the transactions using a financial ta worksheet indicated on the next page. Write your ansv separate sheet of paper.

Directions: Analyze the transactions of Kim as the owner of Chinita Services. Record the transactions using a financial ta worksheet indicated on the next page. Write your ansv separate sheet of paper.

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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Directions: Analyze the transactions of Kim as the owner of Chinita Girl Spa Services. Record the transactions using a financial transaction worksheet indicated on the next page. Write your answers on a separate sheet of paper. June 1 Kim investedPhp 500,000.00 cash and equipment amounting to Php100,000.00 to open Chinita Girl Spa. 2 She borrowed Php 50,000.00 cash from Bamba Bank to be used for her business. 7 She bought tables and chairs from Maginhawa Furnitures and paid Php 20,000.00 cash. 15 Various equipment were purchased on account from Beauty Shoppy for Php 50,000.00. 18 She made a withdrawal of Php 10,000.00 for her personal use. 20 The account due to Beauty Shoppy was paid in cash. 21 Chinita Girl Spa Services was hired. The cash of Php 10,000.00 was received from the customer. 22 Gas and oil worth Php 1,000.00 and equipment repairs worth Php 1,000.00 were paid in a…
Kim invested Php 500,000.00 cash and equipinent amounting to She bought tables and chairs from Maginhawa Furnitures and worksheet indicated on the next page. Write your answers on a Directions: Analyze the transactions of Kim as the owner of Chinita Girl Spa Services. Record the transactions using a financial transaction separate sheet of paper. Kim invested Php 500,000.00 cash and equipinent amountinS June 1 Php100,000.00 to open Chinita Girl Spa. 2 She borrowved Php 50,000.00 cash from Bamba Bank to be used for her business. She bought tables and chairs from Maginhawa Furnitures 7 paid Php 20,000.00 cash. Various equipment were purchased on account from Beauty Shoppy for Php 50,000.00. 15 18 She made a withdrawal of Php 10,000.00 for her personal use 20 The account due to Beauty Shoppy was paid in cash. 21 Chinita Girl Spa Services was hired. The cash of Php 10.000.00 was received from the customer. 22 Gas and oil worth Php 1,000.00 and equipment repairs worth Php 1,000.00 were paid…
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A. Instructions: Create the T-accounts of the following set of transactions. 1. Mrs. Bautista started a business of her own with a cash investment of Php 500,000.00 2. The business bought merchandise worth Php 40,000.00 in cash 3. She paid the rent of Php 10,000.00 for the month. 4. She purchased merchandise worth Php 50,000.00 on account 5. She withdrew Php 25,000.00 in cash for personal use
Hi i need help on what is the answer for this. I hope you can help me
please answer and explain all transactions in detail with effects
the Iight, water arid connection. 8. She has trade receivables amounting to Php25,000.00 for services rendered 9. She had a loan from the bank amounting to Php100,000.00 to be paid in 5 years 10. Paid transportation expenses amounting to Php2,500.00.00 POSTTEST Directions: Prepare a Statement of Comprehensive Income for the following independent transactions. Use your surname as your company name. 1. Service Revenue Php95,000.00; Salaries Expense Php5,000.00; Transportation Expense Php15,000.00; Rent Expense Php20,000.00; Utilities Expense Pph3,000.00; Other Comprehensive Income is Php8,000.00 2. Salaries Expense Php25,000.00; Transportation Expense Php1,000.00%3; Rent Expense Php10,000.00; Utilities Expense Php5,000.00; and Service Revenue is Php40,000.00.
hey I need help figuring out the numbers for these accounting homework assignments. Clint M. Invests $30,000. Into Merle company. The effect to Liabilities would be: ( Type your numeric number) Clint M. Invests $30,000 into Merle Company. The effect to Equity would be: (Type your numeric number) Merle company purchases s piece of equipment for $5,000 on account. The effect to Assets would be: (Type your numeric answer) Merle company purchases a piece of equipment for $5,000. The effect to Liabilities would be: (Type your numeric answer) Merle Company purchases a piece of equipment for $5,000 on account. The effect to Equit would be: (type your numeric answer)
Looking for Jimin Park, Capitallll
Maria Cruz formed the Kiddies Jade on October 1, 2020. She deposited 250,000 in BDO bank under the name of the new business entity. During October 2020, the following transactions occurred: Required: Do its Journal Entry
You were hired by Mr. Juan Dela Cruz to prepare his sari-sari store’s Statement of Financial Position. In order to prepare the statement, you identified the following assets and liabilities of Mr. Dela Cruz:a. His sari-sari store has cash deposited in a bank account amounting to P50,000b. His sari-sari store had a lot of uncollected sales from customers amounting to P75,000c. The total amount of inventory left inside the store is P30,000d. He already paid one year’s rent in advance amounting to P12,000e. The value of all the company’s furniture amounted to P100,000f. He bought merchandise from his supplier amounting to P25,000 and the supplier agreed that payment can be made 2 months after.g. Salaries Payable for his one employee totaled P5,000h. The sari-sari store had outstanding liabilities to utility companies amounting to P3,000i. He had a loan from the bank amounting to P50,000 to be paid in 3 years
journalize the transaction. do it nicely.