The Riang are transactions of Ms. Dianna Fe D. Eranista, a coutrer dng the month of July, her first month of business operation ! Ms Dianna Fe invested P 750,000 cash in the business. 2 Purchased for cash a second hand car amounting to 300.000 to be used in the business. July 4 Purchased supplies on account worth P 7,500. 7 Biled customers for services rendered amounting to P 22,500 9 Rendered services to customers for cash, P 15,000. 11 Paid the advertisement of the business amounting to P 3,000. 14 invested additional cash in the business, P 150,000. 15 Purchased P 75,000 worth of office equipment on account with a written promise to pay next week. 17 issued check in payment for the supplies purchased on July 4 18 Received P 7,500 cash from customers billed on July 7. 22 Purchased additional P 7,500 worth of office supplies for cash. 24 Issued check in payment for the promissory note issued promissory note on July 15. 28 Paid creditor on account, P 4,500. 29 The owner withdrew P 7,500 cash for personal use.
The Riang are transactions of Ms. Dianna Fe D. Eranista, a coutrer dng the month of July, her first month of business operation ! Ms Dianna Fe invested P 750,000 cash in the business. 2 Purchased for cash a second hand car amounting to 300.000 to be used in the business. July 4 Purchased supplies on account worth P 7,500. 7 Biled customers for services rendered amounting to P 22,500 9 Rendered services to customers for cash, P 15,000. 11 Paid the advertisement of the business amounting to P 3,000. 14 invested additional cash in the business, P 150,000. 15 Purchased P 75,000 worth of office equipment on account with a written promise to pay next week. 17 issued check in payment for the supplies purchased on July 4 18 Received P 7,500 cash from customers billed on July 7. 22 Purchased additional P 7,500 worth of office supplies for cash. 24 Issued check in payment for the promissory note issued promissory note on July 15. 28 Paid creditor on account, P 4,500. 29 The owner withdrew P 7,500 cash for personal use.
The Riang are transactions of Ms. Dianna Fe D. Eranista, a coutrer dng the month of July, her first month of business operation ! Ms Dianna Fe invested P 750,000 cash in the business. 2 Purchased for cash a second hand car amounting to 300.000 to be used in the business. July 4 Purchased supplies on account worth P 7,500. 7 Biled customers for services rendered amounting to P 22,500 9 Rendered services to customers for cash, P 15,000. 11 Paid the advertisement of the business amounting to P 3,000. 14 invested additional cash in the business, P 150,000. 15 Purchased P 75,000 worth of office equipment on account with a written promise to pay next week. 17 issued check in payment for the supplies purchased on July 4 18 Received P 7,500 cash from customers billed on July 7. 22 Purchased additional P 7,500 worth of office supplies for cash. 24 Issued check in payment for the promissory note issued promissory note on July 15. 28 Paid creditor on account, P 4,500. 29 The owner withdrew P 7,500 cash for personal use.
Transcribed Image Text:The koi are transactions of Ms. Dianna Fe D. Eranista, a
The following are the transactions of Mrs. Dianna Fe D.
Eranista, a customer during the month of July her first month
of business operation:
coutner dng the month of July, her first month of business operatio
! Ms Dianna Fe invested P 750,000 cash in the business
2 Purchased for cash a second hand car amounting to
00,000 to be used in the business.
4 Purchased supplies on account worth P 7,500.
7 Biled customers for services rendered amounting to P 22,500
9 Rendered services to customers for cash, P 15,000.
11 Paid the advertisement of the business amounting to P 3,000.
14 invested additional cash in the business, P 150,000.
15 Purchased P 75,000 worth of office equipment on account
with a written promise to pay next week.
17 issued check in payment for the supplies purchased on July 4.
18 Received P 7,500 cash from customers billed on July 7.
22 Purchased additional P 7,500 worth of office supplies for cash.
24 Issued check in payment for the promissory note issued
promissory note on July 15.
28 Paid creditor on account, P 4,500.
29 The owner withdrew P 7,500 cash for personal use.
Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.
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