Indicate the effects of transaction from March 1 to March 30. IllustrationThe B.Bee Apartelle was established on March 1, 2019 by Betty Bee. The following are thetransactions of the business during the month :March 1Invested land valued at P 500,000 and building worth P 1,500,000 intothe business.2Invested further cash of P 50,000 and office supplies in the amount ofP 5,000.Paid taxes and business permit P 1,200.5Purchased office furniture of P 28,600 from Domus Furniture onaccount.7Paid for minor repairs in the building P 465.11Bought a desk calculator and a computer for a total of P 38,220 payablein seven days from Sharp, Inc.15Cash received from various customers on several units leased P 48,200.15Paid salaries of employees, P 14,800.17Ms. Bee withdrew cash of P 5,000 for personal use.18Paid Sharp Inc.20Billed a customer for lease of a function room in the building, P 15,000.23Billed a customer for the lease of three units of the building for a two-day seminar, P 20,000; receiving cash of P 5,000 and the balance is coveredby a promissory note.27Paid Domus Furniture P 10,000 to apply on account.29Collected from a customer P 6,000 as payment of account.29Collected from various customers on units leased P 38,600.30Ms. Bee invested an airconditioning equipment unit valued at P120,000.30Paid P14,200 to Malayan Insurance Co. for a one-year insurance policyon the building and its contents.30Paid P 680 to Bulletin Today for two consecutive days advertisementdated March 29 and 30.

Accounting equation in the accounting says that or means that all assets of the business must be…

Answered: Indicate the effects of transaction…

Business

Accounting

Indicate the effects of transaction from March 1 to March 30.

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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