Indicate the effects of transaction from March 1 to March 30.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Indicate the effects of transaction from March 1 to March 30.

Transcribed Image Text:Illustration
The B.Bee Apartelle was established on March 1, 2019 by Betty Bee. The following are the
transactions of the business during the month :
March 1
Invested land valued at P 500,000 and building worth P 1,500,000 into
the business.
2
Invested further cash of P 50,000 and office supplies in the amount of
P 5,000.
Paid taxes and business permit P 1,200.
5
Purchased office furniture of P 28,600 from Domus Furniture on
account.
7
Paid for minor repairs in the building P 465.
11
Bought a desk calculator and a computer for a total of P 38,220 payable
in seven days from Sharp, Inc.
15
Cash received from various customers on several units leased P 48,200.
15
Paid salaries of employees, P 14,800.
17
Ms. Bee withdrew cash of P 5,000 for personal use.
18
Paid Sharp Inc.
20
Billed a customer for lease of a function room in the building, P 15,000.
23
Billed 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 covered
by a promissory note.
27
Paid Domus Furniture P 10,000 to apply on account.
29
Collected from a customer P 6,000 as payment of account.
29
Collected from various customers on units leased P 38,600.
30
Ms. Bee invested an airconditioning equipment unit valued at P
120,000.
30
Paid P14,200 to Malayan Insurance Co. for a one-year insurance policy
on the building and its contents.
30
Paid P 680 to Bulletin Today for two consecutive days advertisement
dated March 29 and 30.
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