Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4.2 Please answer all screenshots. Multiple Choice Are economic activities of a business enterprise which affect any of the basic accounting elements. Business transactions Accounting
4.2 Please answer all screenshots.
Multiple Choice Are economic activities of a business enterprise which affect any of the basic accounting elements. Business transactions Accounting events Special events True or False Poor AIS poses greater risk to a business True O False Multiple Choice -Loise Franc invested P5,000 cash in his new fishball business. -The business paid the first month's rent with P500 cash. -The business purchased equipment by paying P2,000 cash and executing a note payable for P500. -The business purchased supplies for P200 cash. -The business billed clients for a total of P1,000 for food delivery services rendered. - The business received P750 cash from clients for services rendered above. -The owner took a withdrawal of P2,000. What is the amount of the trial balance from the above transactions? P6,000 O P1,000 O P6,500
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