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Problem 2.25 Recording transactions and preparing financial statements Non-GST version Financial balances for Ho Ming Wee, Solicitor, on 30 June 2019 are given below in a table in accounting equation form similar to the chapter illustrations. perlengkapan peralatan htg jk pndk htg jk pnj During the early part of July, the business entered into the following transactions. 1 Paid $2360 on accounts payable. Kas- hutang- 2 Collected $6400 of the monies owed by clients. Piutang- Kas+ 3 Purchased office equipment for $10 200. Paid $1500 in cash and signed a loan agreement for the balance. Kas- peralatan+ hutang (loan)+ 4 Billed customers for legal services performed, $8820. Piutang+ modal+ 5 Purchased supplies on credit, $1200. Perlengkapan+ Hutang+ 6 Paid expenses in cash, $9400 (advertising, $2000; rent, $6000; wages, $1400). Beban+ Kas- 7 Used $500 of supplies during the period. Modal- perlengkapan- 8 Collected $6750 of accounts receivable . Piutang- Kas+ 9 Ho Ming Wee paid for a $12 000 family holiday to Europe using the firm’s bank account. Prive+ Modal- Required a List the 30 June balances for assets, liabilities and equity in table form.
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