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  • Week 6 Task Analyzing and Solving Transactions Using Debit Credit

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    Marlyn Lotivio
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    Pura Collection Services is a sole proprietorship owned by Dona Pura. The document provides a table with transactions for Pura Collection Services and asks to identify the type of account and whether it increases or decreases each account. It also asks whether each transaction is a debit or credit. The first transaction is provided as an example, showing Dona Pura investing 60,000 pesos in the business, increasing the owner's capital account with a credit.

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    Pura Collection Services is a sole proprietorship owned by Dona Pura. The document provides a table with transactions for Pura Collection Services and asks to identify the type of account and whether it increases or decreases each account. It also asks whether each transaction is a debit or credit. The first transaction is provided as an example, showing Dona Pura investing 60,000 pesos in the business, increasing the owner's capital account with a credit.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    90 views1 page

    Week 6 Task Analyzing and Solving Transactions Using Debit Credit

    Uploaded by

    Marlyn Lotivio
    Pura Collection Services is a sole proprietorship owned by Dona Pura. The document provides a table with transactions for Pura Collection Services and asks to identify the type of account and whether it increases or decreases each account. It also asks whether each transaction is a debit or credit. The first transaction is provided as an example, showing Dona Pura investing 60,000 pesos in the business, increasing the owner's capital account with a credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Task for the week 6A and 6B

    Directions: For each of the transactions of Pura Collection Services, a sole proprietorship, fill in the
    space to what is being asked.

    Transactions Type of Accounts (Assets, Liability, Accounts Increase or Debit or


    Owner’s Capital, Owner’s Title Decrease Credit
    withdrawal, Revenue, Expenses
    Example a. Asset Cash Increase Debit 
    1Dona Pura invested b. Owner’s Capital Pura’s Increase Credit
    P60,000 in the Capital
    business
    2. Bought P1,500 a.
    worth of supplies b.
    3.Cash services a.
    rendered to Ms. Ko b.
    P25,000.
    4.Services rendered a.
    to client on account. b.
    5.Made personal a.
    withdrawal, P 10,000 b.
    6.Borrowed P 50,000 a.
    from Dona Tekla b.

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