El Granado established the EG Data Encoders on May 15, 2014. The following transactions accurred during the month. El Granado inveated P157,000 cash to establish the business a. b. Bought office deska and filing cabinet for cash, P15, 150. El Granado invested in the businesa her personal computer with a fair value of P57,500. C. d. Bought computer software for use in the business from Dela Torre Computer Center for P39,000 paying P15,000 down; the balance is due in thirty days. Paid rent for the month, P5,300. t. Received cash for services rendered, P5,160. g. Ordered a panaflex sign for P9,000 from Royal Bright Enterprises, with P5,000 as down payment and the balance due when installed. e. h. Received bill for advertising from Buy and Sell newapaper, P3,320. 1. Bought print paper and atationary on account, P2, 290. Received and paid electric bill, P1, 240. Paid bill for advertising recorded previously in transaction (h). k. Beceived cen rendered B10 900

El Granado established the EG Data Encoders on May 15, 2014. The following transactions accurred during the month. El Granado inveated P157,000 cash to establish the business a. b. Bought office deska and filing cabinet for cash, P15, 150. El Granado invested in the businesa her personal computer with a fair value of P57,500. C. d. Bought computer software for use in the business from Dela Torre Computer Center for P39,000 paying P15,000 down; the balance is due in thirty days. Paid rent for the month, P5,300. t. Received cash for services rendered, P5,160. g. Ordered a panaflex sign for P9,000 from Royal Bright Enterprises, with P5,000 as down payment and the balance due when installed. e. h. Received bill for advertising from Buy and Sell newapaper, P3,320. 1. Bought print paper and atationary on account, P2, 290. Received and paid electric bill, P1, 240. Paid bill for advertising recorded previously in transaction (h). k. Beceived cen rendered B10 900

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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