The document lists 60 accounting transactions involving cash receipts, cash payments, asset purchases, liability incurrences, and equity investments for various businesses including an auto shop, tutorial center, dental clinic, and office. The transactions include cash investments by owners, collections and payments to customers and suppliers, loans and loan payments, asset purchases for cash and credit, and cash withdrawals by owners.
The document lists 60 accounting transactions involving cash receipts, cash payments, asset purchases, liability incurrences, and equity investments for various businesses including an auto shop, tutorial center, dental clinic, and office. The transactions include cash investments by owners, collections and payments to customers and suppliers, loans and loan payments, asset purchases for cash and credit, and cash withdrawals by owners.
The document lists 60 accounting transactions involving cash receipts, cash payments, asset purchases, liability incurrences, and equity investments for various businesses including an auto shop, tutorial center, dental clinic, and office. The transactions include cash investments by owners, collections and payments to customers and suppliers, loans and loan payments, asset purchases for cash and credit, and cash withdrawals by owners.
1. Cash investment of the owner. 2. Collection from various customers for services rendered. 3. Receipt of cash proceeds of a bank loan. 4. Payment of rent. 5. Receipt of cash from a customer for services to be rendered in the next period. 6. Additional investment of a computer by the owner. 7. Payment of one-half of the bank loan. 8. Payment of utilities. 9. Cash withdrawal of the owner. 10. Billings to customers for services rendered. 11. Purchased shop supplies on account. 12. Purchased various repair tools for cash. 13. Incurred expenses still unpaid. 14. Issued a note to a supplier to temporarily settle a previous account. 15. Bought additional shop supplies and repair tools; 50% cash payment and balance payable in 15days. 16. Paid account with a supplier. 17. Gave shop supplies to Eric for his personal use. 18. Received 40% down payment, balance on account for overhauling services rendered. 19. Paid the wages of auto mechanics. 20. Received a 20% advance payment from a customer for a truck overhaul to be rendered next month. 21. The owner invested cash in business. 22. The business purchased office tables and chairs with down payment and the balance payable after 30 days. 23. The owner withdrew cash for personal use. 24. The business purchased coupon bonds, ball pens, pencils, eraser for office use on credit. 25. The business purchased a computer: paid one half in cash and issued a promissory note for the balance. 26. Returned some office supplies bought in (24) due to wrong specifications. 27. The owner made additional investment of computer. 28. The owner withdrew office supplies for personal use. 29. Bought a car on account. Terms: 30% down payment, 40% thru a 30-day 10%note, balance on account 30. Opened an account for PIO English and Math Tutorial Center with Bank of the Philippines Islands through cash deposit. 31. Paid cash for the month’s rent. 32. Paid barangay and municipal taxes. 33. Provided tutorial services to Grade 5 students of Lourdes School for cash. 34. Received cash from a client for services rendered. 35. Borrowed cash from Romy Lending Company and issued a 30-day non-interest-bearing note. 36. Rendered tutorial services on account. 37. Paid electricity bill and telephone bill from last month 38. Purchased IBM personal computer on account. 39. Paid one-month salary of the secretary. 40. Received cash from various patients for services rendered during the month 41. Received cash from a patient for service rendered last month 42. Received cash from a patient for services to be rendered next month 43. Paid rent for this month 44. Received the power bill from MERALCO for this month 45. Paid the salary of the secretary for this month. 46. Paid the water bill from Maynilad for this month 47. Received cash loan proceeds from ABC Bank. 48. Paid for the repair of one of the computers. 49. Received additional investments from the owner. 50. Owner invested in her dental clinic. 51. Purchased dental chair and dental instruments. 52. Borrowed money from a bank 53. Received cash from a various patient for services rendered. 54. Paid rent. 55. Paid utilities. 56. Used dental supplies in rendering services to patients. 57. Made partial payment of the bank loan plus interest. 58. Made additional cash investment. 59. Withdrew cash for personal use. 60. The business building was damaged by fire Answer Sheet
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