Jan 1 Bought new machineries worth P80.000 in account. Jan 3 Purchased P50,000 worth of computer parts inventory, paying P2 cash the balance in account. Jan 9 Paid P5,000 cash for interest from a bank loan. Jan 17 Sold two machineries for a total of P9,000 in cash. Jan 19 Sold P20,000 worth of computer parts for P35,000 in cash. Jan 25 Purchased new machinery for P10.000 in account. Jan 29 Scid P10.000 werth of computer parts for P20.000 in account. Date Description Debit Crec low much is the balance of her accounts payable? How much is her total sales for January? iow much interest did she pay? How much is the balance of her accounts receivable? Eow much is the balance of her inachinerv account?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Jan 1
Bought new machineries worth P80,000 in account.
Jan 5
Purchased P50,000 worth of computer parts inventory, paying P20,000
cash the balance in account.
Jan 9
Paid P5,000 cash for interest from a bank loan.
Jan 17
Sold twd machineries for a total of P9,000 in cash.
Jan 19
Sold P20,000 worth of computer parts for P35,000 in cash.
Jan 25
Purchased new machinery for P10.000 in account.
Jan 29
Scid P10,000 worth of computer parts for P20.000 in account.
Date
Description
Debit
Credit
How much is the balance of her accounts payable?
How much is her total sales for January?
iow much interest did she pay?
How much is the balance of her accounts receivable?
How much is the balance of her nachinerv account?
Transcribed Image Text:Jan 1 Bought new machineries worth P80,000 in account. Jan 5 Purchased P50,000 worth of computer parts inventory, paying P20,000 cash the balance in account. Jan 9 Paid P5,000 cash for interest from a bank loan. Jan 17 Sold twd machineries for a total of P9,000 in cash. Jan 19 Sold P20,000 worth of computer parts for P35,000 in cash. Jan 25 Purchased new machinery for P10.000 in account. Jan 29 Scid P10,000 worth of computer parts for P20.000 in account. Date Description Debit Credit How much is the balance of her accounts payable? How much is her total sales for January? iow much interest did she pay? How much is the balance of her accounts receivable? How much is the balance of her nachinerv account?
After working as a bookkeeper for Mae's RTW business, she refers you to another
client and her good friend, Crystal. She owns a gadgets shop and needs your help to
keep her company books updated.
Here are the January transactions for her business:
Transcribed Image Text:After working as a bookkeeper for Mae's RTW business, she refers you to another client and her good friend, Crystal. She owns a gadgets shop and needs your help to keep her company books updated. Here are the January transactions for her business:
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