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17. Mina Narvaez formed the Cavite Day Care Center for Kids. The following are the transactions for the month of April to prepare the
17. Mina Narvaez formed the "Cavite Day Care Center for Kids". The following are the transactions for the month of April to prepare the center in time for the opening in June. Analyze the transactions using the Copyclear demo format but extract the balances only after the last transaction. Include the following money columns: Cash, Furniture and Fixtures, Supplies, Equipment, Car, Accounts Payable, Notes Payable, Narvaez, Capital and Narvaez, Drawing. April 1 Ms. Narvaez, using her personal savings transferred cash of P300,000 for the account of the center. 2 Purchased play equipment for use in the center costing P100,000. Terms: a down payment of P50,000 and the balance was evidenced by a note payable in installments at the end of the month for five months. 10 She purchased three computer sets, a printer and a fax machine for the center amounting to P300,000 by using her own bank express card. 59
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