DIRECTIONS : SOLVE AND USE ACCOUNTING EQUATION. 1. MS. LUISA STARTED HER MILKTEA BUSINESS ON FEB. 2, 2018. THE FOLLOWING TRANSACTIONS OCCURRED DURING THE MONTH OF JULY. SHE INVESTED P750,000 CASH AND DELIVERY EQUIPMENT WORTH P70,000. 2. LUISA BORROWED FROM THE BANK WORTH P 65,000 CASH FOR THE USE OF THEIR BUSINESS. 3. SHE BOUGHT TABLE AND CHAIRS FROM ALLY'S FURNITURE AND PAID CASH P30,000 . SHE PURCHASE EQUIPMENT O ACCOUNT SUCH AS BLENDER AND DISPENSER WORTH P50,000 5. MS. LUISA MADE CASH WITHDRAWAL OF 15, 000. 6. THE ACCOUNT CREATED IN TRANSACTION # 4 WAS PAID IN CASH WORT P30,000 1. SHE PURCHASED INGREDIENTS TO BE USED IN HER BUSINESS WORT P 7.000

DIRECTIONS : SOLVE AND USE ACCOUNTING EQUATION. 1. MS. LUISA STARTED HER MILKTEA BUSINESS ON FEB. 2, 2018. THE FOLLOWING TRANSACTIONS OCCURRED DURING THE MONTH OF JULY. SHE INVESTED P750,000 CASH AND DELIVERY EQUIPMENT WORTH P70,000. 2. LUISA BORROWED FROM THE BANK WORTH P 65,000 CASH FOR THE USE OF THEIR BUSINESS. 3. SHE BOUGHT TABLE AND CHAIRS FROM ALLY'S FURNITURE AND PAID CASH P30,000 . SHE PURCHASE EQUIPMENT O ACCOUNT SUCH AS BLENDER AND DISPENSER WORTH P50,000 5. MS. LUISA MADE CASH WITHDRAWAL OF 15, 000. 6. THE ACCOUNT CREATED IN TRANSACTION # 4 WAS PAID IN CASH WORT P30,000 1. SHE PURCHASED INGREDIENTS TO BE USED IN HER BUSINESS WORT P 7.000

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Description: DIRECTIONS SOLVE AND USE ACCOUNTING EQUATION.1. MS. LUISA STARTED HER MILKTEA BUSINESS ON FEB. 2, 2018. THE FOLLOWINGTRANSACTIONS OCCURRED DURING THE MONTH OF JULY. SHE INVESTED P750,000 CASH ANDDELIVERY EQUIPMENT WORTH P70,000.2. LUISA BORROWED FRO

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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