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    Describing The Business Transaction (20 Items X 2 Points) : Property of STI

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    new genshin
    Atty. Mac N. Chiz opened a law office and analyzed 20 business transactions involving cash, accounts receivable, office equipment, office supplies, accounts payable, and notes payable. The transactions included purchasing office equipment and supplies, receiving cash from clients, paying bills, and taking out a loan. After all the transactions, Atty. Chiz had cash of $10,000, accounts receivable of $33,000, office equipment of $90,000, office supplies of $6,000, accounts payable of $77,500, and notes payable of $60,000.

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    Describing The Business Transaction (20 Items X 2 Points) : Property of STI

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    new genshin
    495 views1 page
    Atty. Mac N. Chiz opened a law office and analyzed 20 business transactions involving cash, accounts receivable, office equipment, office supplies, accounts payable, and notes payable. The transactions included purchasing office equipment and supplies, receiving cash from clients, paying bills, and taking out a loan. After all the transactions, Atty. Chiz had cash of $10,000, accounts receivable of $33,000, office equipment of $90,000, office supplies of $6,000, accounts payable of $77,500, and notes payable of $60,000.

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    01_Activity_2

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    Atty. Mac N. Chiz opened a law office and analyzed 20 business transactions involving cash, accounts receivable, office equipment, office supplies, accounts payable, and notes payable. The transactions included purchasing office equipment and supplies, receiving cash from clients, paying bills, and taking out a loan. After all the transactions, Atty. Chiz had cash of $10,000, accounts receivable of $33,000, office equipment of $90,000, office supplies of $6,000, accounts payable of $77,500, and notes payable of $60,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    495 views1 page

    Describing The Business Transaction (20 Items X 2 Points) : Property of STI

    Uploaded by

    new genshin
    Atty. Mac N. Chiz opened a law office and analyzed 20 business transactions involving cash, accounts receivable, office equipment, office supplies, accounts payable, and notes payable. The transactions included purchasing office equipment and supplies, receiving cash from clients, paying bills, and taking out a loan. After all the transactions, Atty. Chiz had cash of $10,000, accounts receivable of $33,000, office equipment of $90,000, office supplies of $6,000, accounts payable of $77,500, and notes payable of $60,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    BM1705

    DESCRIBING THE BUSINESS TRANSACTION (20 items x 2 points)


    Describe the business transactions analyzed using the accounting equation, assuming that the owner did not
    make any withdrawal during the period.

    Given is the analysis of the transactions of Atty. Mac N. Chiz, who just opened his law office.

    Accounts Office Office Accounts Notes


    Cash Receivable Equipment Supplies = Payable Payable Capital
    1 + 200,000 + 200,000
    2 - 5,000 + 5,000
    3 + 20,000 + 20,000
    4 + 40,000 + 40,000
    5 - 6,000 - 6,000
    6 - 2,000 + 2,000
    7 + 50,000 + 50,000
    8 + 10,000 - 10,000
    9 + 7,500 - 7,500
    10 - 30,000 - 30,000
    11 + 10,000 + 10,000
    12 + 5,000 + 5,000
    13 + 10,000 - 10,000
    14 - 10,000 - 10,000
    15 - 1,000 - 1,000
    16 + 5,000 - 5,000
    17 - 5,000 - 5,000
    18 + 8,000 + 8,000
    19 - 50,000 - 50,000
    20 + 10,000 + 10,000

    01 Activity 2 *Property of STI


    Page 1 of 1

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