Written Work. Problem Solving. Show your solutions.At September 28, the balance sheet accounts for Hayao's Restaurant were as follows:Accounts PayableLandAccounts ReceivableBuildingCashFurnitureP3,8001,60068,00010,00018,700Hayao, CapitalNotes PayableSuppliesInstructions:Prepare an SFP on September 30, 2020.P33,000?48,0006,600The following transactions occurred during the next two days:Hayao invested an additional P22,000 cash in the business. The accounts payable were paid in full. (Nopayment was made on the notes payable.)

Name: Written Work. Problem Solving. Show your solutions.At September 28, t
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Description: Written Work. Problem Solving. Show your solutions.At September 28, the balance sheet accounts for Hayao's Restaurant were as follows:Accounts PayableLandAccounts ReceivableBuildingCashFurnitureP3,8001,60068,00010,00018,700Hayao, CapitalNotes Payabl

SFP refers to the Statement of financial position which is typically called the balance sheet.…

Business

Accounting

Written Work. Problem Solving. Show your solutions. At September 28, the balance sheet accounts for Hayao's Restaurant were as follows: Accounts Payable Land Accounts Receivable Hayao, Capital Notes Payable Building Cash Supplies Furniture P3,800 1,600 68,000 10,000 18,700 P33,000 ? 48,000 6,600 he following transactions occurred during the next two days: ayao invested an additional P22,000 cash in the business. The accounts payable were paid in full. (No ayment was made on the notes payable.)

Written Work. Problem Solving. Show your solutions. At September 28, the balance sheet accounts for Hayao's Restaurant were as follows: Accounts Payable Land Accounts Receivable Hayao, Capital Notes Payable Building Cash Supplies Furniture P3,800 1,600 68,000 10,000 18,700 P33,000 ? 48,000 6,600 he following transactions occurred during the next two days: ayao invested an additional P22,000 cash in the business. The accounts payable were paid in full. (No ayment was made on the notes payable.)

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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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

Written Work. Problem Solving. Show your solutions.
At September 28, the balance sheet accounts for Hayao's Restaurant were as follows:
Accounts Payable
Land
Accounts Receivable
Building
Cash
Furniture
P3,800
1,600
68,000
10,000
18,700
Hayao, Capital
Notes Payable
Supplies
Instructions:
Prepare an SFP on September 30, 2020.
P33,000
?
48,000
6,600
The following transactions occurred during the next two days:
Hayao invested an additional P22,000 cash in the business. The accounts payable were paid in full. (No
payment was made on the notes payable.)

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