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  • Group Work. DR and CR

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    Shiela Ruben Lanado
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    The document lists 30 transactions involving a business owner and their company. These include investments, expenses, revenues, assets, liabilities, and equity. The owner invested cash, took out a loan, and bought and sold various assets and services. Revenues were generated from rent, services, and interest. Expenses included bills, supplies, salaries, and interest. Assets were acquired through cash, credit, and collateral. Liabilities increased through borrowing. Equity was affected by owner investments and withdrawals.

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    Group Work. Dr and Cr

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    The document lists 30 transactions involving a business owner and their company. These include investments, expenses, revenues, assets, liabilities, and equity. The owner invested cash, took out a loan, and bought and sold various assets and services. Revenues were generated from rent, services, and interest. Expenses included bills, supplies, salaries, and interest. Assets were acquired through cash, credit, and collateral. Liabilities increased through borrowing. Equity was affected by owner investments and withdrawals.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    32 views2 pages

    Group Work. DR and CR

    Uploaded by

    Shiela Ruben Lanado
    The document lists 30 transactions involving a business owner and their company. These include investments, expenses, revenues, assets, liabilities, and equity. The owner invested cash, took out a loan, and bought and sold various assets and services. Revenues were generated from rent, services, and interest. Expenses included bills, supplies, salaries, and interest. Assets were acquired through cash, credit, and collateral. Liabilities increased through borrowing. Equity was affected by owner investments and withdrawals.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    GROUP WORK-11ABM ACCOUNTS AFFECTED

    DEBIT CREDIT
    1. The owner invested cash.
    2. Paid telephone bill.
    3. Borrowed money from PNB
    4. Bought office tables on credit.
    5. Cash received for service rendered.
    6. The owner withdrew cash for his
    personal use.
    7. Collected the rental of a tenant.
    8 Received a promissory note for
    service rendered.
    9. Issued a promissory note for
    computer bought.
    10. Mortgaged the land with a bank
    11. Collected a promissory note.
    12. Paid the account of a supplier.
    13. Collected the account of a customer.
    14. Paid advertisement
    15. Issued a promissory note to pay an
    account.
    16. Bought machinery for cash.
    17. The owner invested his computer.
    18. A customer issued a promissory
    note to settle his account
    19. Paid the salaries of the employees.
    20. The owner brought home office
    tables for his personal use.
    21. Miscellaneous expenses paid.
    22. Paid a promissory note.
    23. Bought office supplies for cash.
    24. Billed a customer for service
    rendered.
    25. Paid interest on the loan.
    26. Collected the interest on the note
    receivable.
    27. Bought newspaper for cash.
    29. Miscellaneous income received.
    30. Paid the municipal license and permit-
    ASSIGNMENT: IN QUIZ NOTEBOOK
    DUE 1/13/2020 (MONDAY)

    ASSETS = LIABILITIES + EQUITY


    Capital Drawing Revenues Expenses
    a. 300,000 300,000
    b.
    c
    d.
    e.
    f.
    g.
    h.
    i.
    j.

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