June 1 Invested P 90,000 in the dance studio 2 Paid P10,000 for three month's rent in advance 3 Purchased P 7,000 of equipment from Aston Co. on account 4. Received P 9,000 cash for fitness-training workshop for dancers 5 Purchased P 3,000 of supplies for cash 6 Billed Leslie Co. P 21,000 for group dance lesson for its employee 7 Paid P4,000 salaries of assistants 8 Withdrew P 1,500 from the business for personal use Paid P1,250 electricity bill 10 Paid P1,900 telephone bill for June
June 1 Invested P 90,000 in the dance studio 2 Paid P10,000 for three month's rent in advance 3 Purchased P 7,000 of equipment from Aston Co. on account 4. Received P 9,000 cash for fitness-training workshop for dancers 5 Purchased P 3,000 of supplies for cash 6 Billed Leslie Co. P 21,000 for group dance lesson for its employee 7 Paid P4,000 salaries of assistants 8 Withdrew P 1,500 from the business for personal use Paid P1,250 electricity bill 10 Paid P1,900 telephone bill for June
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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DUE IN 30 MINUTES. Please answer it in a very detailed solution. Thank you!
NOTE: Balancing is required.
There have some transactions that possess the same date, and I need an answer for that - for the different analysis.
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