FINANCIAL TRANSACTION WORKSHEET TRANSACTION A. Jasmin invested 100 000 cash to start a Travel and Tour Agency. B. Jasmin bought repair equipment from X Co. on credit, 150 000 C. She bought shop supplies for cash 25 000 D. Paid X Co. partially 25 500 E. Customers paid cash for services rendered to them, 50 000. F. Paid utilies expense, 5 000, G. Cruz paid salaries and wages, 34 000 H. Shop supplies purchased, 15 000 and made a down payment of 5 000 1. Cruz, withdrew 10 000 for his personal use. J. Paid rent expense for the month, 7 000 K. Miscellaneous espense, 2000 ASSETS = 100 000 150 000 25 000 (25 000) (25 500) 50 000 (5 000) (34 000) 15000 (5000) (10 000) (7 000) (2 000) LIABILITIES + 150 000 (25 500) 10 000 OWNER'S EQUITY 100 000 50 000 (5 000) (34 000) (10 000) (7 000) (2 000)

FINANCIAL TRANSACTION WORKSHEET TRANSACTION A. Jasmin invested 100 000 cash to start a Travel and Tour Agency. B. Jasmin bought repair equipment from X Co. on credit, 150 000 C. She bought shop supplies for cash 25 000 D. Paid X Co. partially 25 500 E. Customers paid cash for services rendered to them, 50 000. F. Paid utilies expense, 5 000, G. Cruz paid salaries and wages, 34 000 H. Shop supplies purchased, 15 000 and made a down payment of 5 000 1. Cruz, withdrew 10 000 for his personal use. J. Paid rent expense for the month, 7 000 K. Miscellaneous espense, 2000 ASSETS = 100 000 150 000 25 000 (25 000) (25 500) 50 000 (5 000) (34 000) 15000 (5000) (10 000) (7 000) (2 000) LIABILITIES + 150 000 (25 500) 10 000 OWNER'S EQUITY 100 000 50 000 (5 000) (34 000) (10 000) (7 000) (2 000)

Name: FINANCIAL TRANSACTION WORKSHEETTRANSACTIONA. Jasmin invested 100 000
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Description: FINANCIAL TRANSACTION WORKSHEETTRANSACTIONA. Jasmin invested 100 000 cash to start a Travel and Tour Agency.B. Jasmin bought repair equipment from X Co. on credit, 150 000C. She bought shop supplies for cash 25 000D. Paid X Co. partially 25 500E. Cu

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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38
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