Fill up the table below with your bookkeeping skills. The first one is already done for you. Copy the table 2: Mae's Bookkeeper With your help, Mae's RTW business became more successful. More customers visit her shop. She doubles her sales and makes more and answer on a separate sheet of paper. income than before! She needs your help to monitor the day-to-day transactions and record them to her books. Help Mae monitor and record the transactions for the week. Monday: Bought 20 dresses at P500.00 each in account. Tuesday: Borrowed cash loạn from the bank for P9.000.00, Paid half of the dresses bought in account yesterday, Monday. Wednesday: Sold 15 dresses for P750.00 each in cash. Thursday: Bought store supplies for P5,000.00 in account. Friday: Sold five dresses for P800.00 each in account. Paid the remaining balance of the dresses bought in account last Monday. Saturday: Paid in full the store supplies bought in account. Sunday: Collected cash for the five dresses sold in account. Debit Credit Description Inventory Account payable Date P10,000.00 P10,000.00 Monday

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Fill up the table below with your bookkeeping skills. The first one is already done for you. Copy the table
2: Mae's Bookkeeper
and answer on a separate sheet of paper.
income than before!
She needs your help to monitor the day-to-day transactions and record
them to her books.
Help Mae monitor and record the transactions for the week.
Monday: Bought 20 dresses at P500.00 each in account.
voday: Borrowed cash loan from the bank for P9.000.00, Paid half of the dresses bought in account
yesterday, Monday.
Wednesday: Sold 15 dresses for P750.00 each in cash.
Thursday: Bought store supplies for P5,000.00 in account.
Friday: Sold five dresses for P800.00 each in account. Paid the remaining balance of the dresses bought
in account last Monday.
Saturday: Paid in full the store supplies bought in account.
Sunday: Collected cash for the five dresses sold in account.
Debit
Credit
Description
Inventory
Account payable
Date
P10,000.00
P10,000.00
Monday
Transcribed Image Text:Fill up the table below with your bookkeeping skills. The first one is already done for you. Copy the table 2: Mae's Bookkeeper and answer on a separate sheet of paper. income than before! She needs your help to monitor the day-to-day transactions and record them to her books. Help Mae monitor and record the transactions for the week. Monday: Bought 20 dresses at P500.00 each in account. voday: Borrowed cash loan from the bank for P9.000.00, Paid half of the dresses bought in account yesterday, Monday. Wednesday: Sold 15 dresses for P750.00 each in cash. Thursday: Bought store supplies for P5,000.00 in account. Friday: Sold five dresses for P800.00 each in account. Paid the remaining balance of the dresses bought in account last Monday. Saturday: Paid in full the store supplies bought in account. Sunday: Collected cash for the five dresses sold in account. Debit Credit Description Inventory Account payable Date P10,000.00 P10,000.00 Monday
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