Question
#1 Miss Jina invests cash in the business where she opened an account with BPI, $250,000. #2 Withdraw cash form the bank to pay for
#1 Miss Jina invests cash in the business where she opened an account with BPI, $250,000. #2 Withdraw cash form the bank to pay for the business permits to the city government, $500 #3 Received cash for services rendered and deposited to the bank, $4000. #4 Bought office supplies on account from Martin Co. $2000 #5 Withdraw cash from the bank for her personal use, $10,000 #6 Withdraw cash from the bank for partial payment of account Martin Co., $1,000 #7 Rendered services on account to various clients, $3,500 #8 Withdraw cash from the bank for payment of salaries to her employees, $10,000 #9 Collected $2,000 from client's accounts and immediately deposited to the bank.
(Assuming the company has both Cash and Bank accounts. I am little confused where the entry relates to withdrawal from Bank, specifically 2,3,5,6, 8 and 9.)
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