Question
1. Investing - Invested Php 200,00 in a business 2. Paid Taxes and Licenses anounting to __________ 3. Bank Loan 4. 3 months rent 5.
1. Investing - Invested Php 200,00 in a business
2. Paid Taxes and Licenses anounting to __________
3. Bank Loan
4. 3 months rent
5. Purchasing of Assets (Equipment/Furniture/others) - On credit - Acc. Payable
6. Purchasing of Supplies - Cash
Make a summary transaction
Massage bed - ?2,500 (each)
Organic massage lotion and cream - ?1,000
Bolsters/pillows - ?2000
Massage ointments- ? 500
Towels - ?500
Ventosa glass - ?450(5cups in 1 set)
Ear candle - ? 1,200(10pcs.)
Hot stone- ? 1,500 (20pcs.)
Rent Expense - ? 45,000 (50sqm)
Advertising expense - ?10, 000
Utility Expenses - ?30,000
Massage supplies- ?5000
Salary expense - ?22,500
Other expenses - ? 6,000
Taxes and Licenses - Php 10,000
Start up capital - ?179,424 or ?200,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started