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

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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