Fundamentals-of-Accounting-Quizes.docx - Colegio de San...

This preview shows page 1 - 2 out of 2 pages.

Colegio de San Juan de Letran-CalambaSubject: FUNDAMENTALS OF ACCOUNTINGName: Jeremias B. Salvador Section: 4CS/4ITDate Submitted:__(deadline on or before May 17, 2020___Quiz no. 1 Problem #15 page 140 ( handouts), Recording Transactions in a Financial Transaction WorksheetOn may 1, 2016, Ma Concepcion Manalo established the Manalo Rehab Clinic. Transactions completed during the month of July follow:a.Manalo deposited P150,000 in a bank account in the name of the business.b.Paid office rent for the month P 11,000.c.Bought supplies for cash , P2,750.d.Bought professional equipment on account from J. Perez Equipment, P142,000.e.Bought office equipment from S. Lacorte Computers, P18,700, paying P8,700 in cash and the remaining balance on account.f.Performed professional services for cash, P32,800.g.Paid accounts to S. Lacorte Computers, P5,000h.Received and paid the bill for the utilities, P2,830i.Performed professional services for cash, P37,250.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture