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Business
Accounting
QUIRED: Identify business and nonbusiness transactions

QUIRED: Identify business and nonbusiness transactions

FINANCIAL ACCOUNTING
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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Accounting cycle.

MARCH Covida invested cash amounting to P300,000 to the OMICRONO CAR WASH LINIS Business Paid P5.000 to Mr. Juanito for all the business licenses requirements Purchased office supplies amounting to P3,000 from National Book Store to are evell sof The business paid rent for the month amounting P10,000 to Mr. Saul Covida hired secretary with the salary of 5,000 monthy Purchased car wash supplies from AGP merchandise amounting to P15,000 Rendered services to various clients and per official receipts, the total amount received totaled to.P50.000 Rhe 10 paid salary for the half month amounting to P15,000 Rendered car wash services on account amounting to P25.000 Of the one his employee retire effective this day 16 18 19 cash received for the services rendered for the week amounts to P20.000 20 Collected P15,000 from customer who availed of services on account Covida withdrew P5,000 cash from the business Paid the salary for the last haif of the month amounting to P15,000 24 Pg. 35 25 Paid P8,000 for water and electricity consumption for the month Her husband celebrated his birthday in the office brought cake worth P3,000. Paid the utility P1,000, miscellaneous 500, transportation 200 Spend P10,000 for the anniversary of their wedding held in the shop. 28 29 30. QUIRED: Identify business and nonbusiness transactions
Transcribed Image Text:MARCH Covida invested cash amounting to P300,000 to the OMICRONO CAR WASH LINIS Business Paid P5.000 to Mr. Juanito for all the business licenses requirements Purchased office supplies amounting to P3,000 from National Book Store to are evell sof The business paid rent for the month amounting P10,000 to Mr. Saul Covida hired secretary with the salary of 5,000 monthy Purchased car wash supplies from AGP merchandise amounting to P15,000 Rendered services to various clients and per official receipts, the total amount received totaled to.P50.000 Rhe 10 paid salary for the half month amounting to P15,000 Rendered car wash services on account amounting to P25.000 Of the one his employee retire effective this day 16 18 19 cash received for the services rendered for the week amounts to P20.000 20 Collected P15,000 from customer who availed of services on account Covida withdrew P5,000 cash from the business Paid the salary for the last haif of the month amounting to P15,000 24 Pg. 35 25 Paid P8,000 for water and electricity consumption for the month Her husband celebrated his birthday in the office brought cake worth P3,000. Paid the utility P1,000, miscellaneous 500, transportation 200 Spend P10,000 for the anniversary of their wedding held in the shop. 28 29 30. QUIRED: Identify business and nonbusiness transactions
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