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Refer to the table below. Account Office Accounts Notes Chua, Transactions Cash Furniture Receivable Supplies Payable Payable Equity BEGINNING 100,000 5,000 2,000 30,000 30,000 20,000 87,000 BALANCE Made additional investment of cash DEO OO0

Refer to the table below. Account Office Accounts Notes Chua, Transactions Cash Furniture Receivable Supplies Payable Payable Equity BEGINNING 100,000 5,000 2,000 30,000 30,000 20,000 87,000 BALANCE Made additional investment of cash DEO OO0

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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Refer to the table below. Account Office Accounts Notes Chua, Transactions Cash Furniture Receivable Supplies Payable Payable Equity BEGINNING 100,000 5,000 2,000 30,000 30,000 20,000 87,000 BALANCE Made additional investment of cash P50,000. BALANCE Purchased office supplies worth P5,000, on account. BALANCE Purchased furniture in cash, P10,000 BALANCE Rendered services totalled P30,000, P25,000 received in cash, balance on account
Transcribed Image Text:Refer to the table below. Account Office Accounts Notes Chua, Transactions Cash Furniture Receivable Supplies Payable Payable Equity BEGINNING 100,000 5,000 2,000 30,000 30,000 20,000 87,000 BALANCE Made additional investment of cash P50,000. BALANCE Purchased office supplies worth P5,000, on account. BALANCE Purchased furniture in cash, P10,000 BALANCE Rendered services totalled P30,000, P25,000 received in cash, balance on account
BALANCE Supplies used P3,000 BALANCE Paid utilities expenses, P5,000 BALANCE Rendered services received in cash, P10,000 BALANCE Compute the final balance of Cash Total assets Chua, Capital NOTE: Do not use Peso sign or "P". If the answer has decimal amount, round off your answer to two decimal places. Do not forget to use comma as separator, if necessary. For example, if your answer is P90,000, you should type 90,000 or P 15,000.75 as 115,000.75
Transcribed Image Text:BALANCE Supplies used P3,000 BALANCE Paid utilities expenses, P5,000 BALANCE Rendered services received in cash, P10,000 BALANCE Compute the final balance of Cash Total assets Chua, Capital NOTE: Do not use Peso sign or "P". If the answer has decimal amount, round off your answer to two decimal places. Do not forget to use comma as separator, if necessary. For example, if your answer is P90,000, you should type 90,000 or P 15,000.75 as 115,000.75
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