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Transaction analysis for each letter

Transaction analysis for each letter

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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Transaction analysis for each letter

A. February 14, 2018 -Jian dela Cruz invested PHP200,000 into his Minesgate Computer Repair business. Following the three simple steps, our onolysis shali be: It is a business transaction since it afferis the accountingequalion. 1. 2. The major accounts afferiled are assets and owner's equity. More specifically, the account lillas affected are Cash (increcase through a dehit) and dela Cruz, capital (increase throueh credit). 5. iire armourt. io ve vebiieu is P200,0oior Casin (actuuriis winnondi deon balances are increased through a debit) and the amount to be credited is P200,000 for deia Cruz, Cepitaijaccounts with nermai credit baiances ere increased through a credit). B. February 15, 2018-Juan dela Cruz purchased one computer unit from Octogon Computer Store to be used for his business. He issued acheck number 001 amounting to PHP25,000. February 16, 2018 - Juan dela Cruz hired Perla S'langan, anexperienced secretary. C.
Transcribed Image Text:A. February 14, 2018 -Jian dela Cruz invested PHP200,000 into his Minesgate Computer Repair business. Following the three simple steps, our onolysis shali be: It is a business transaction since it afferis the accountingequalion. 1. 2. The major accounts afferiled are assets and owner's equity. More specifically, the account lillas affected are Cash (increcase through a dehit) and dela Cruz, capital (increase throueh credit). 5. iire armourt. io ve vebiieu is P200,0oior Casin (actuuriis winnondi deon balances are increased through a debit) and the amount to be credited is P200,000 for deia Cruz, Cepitaijaccounts with nermai credit baiances ere increased through a credit). B. February 15, 2018-Juan dela Cruz purchased one computer unit from Octogon Computer Store to be used for his business. He issued acheck number 001 amounting to PHP25,000. February 16, 2018 - Juan dela Cruz hired Perla S'langan, anexperienced secretary. C.
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