AutoSave . Off Accounting 1C Module III Test - Compatibility Mode Search Aaron C Villagomez AC X File Home Insert Draw Design Layout References Mailings Review View Help Share Comments Accounting 1C January 1 Paid rent for the month, Php7,500. Module III 2 Purchased office equipment on account, 10,000. 8 Name: Score: DLC: Purchased supplies for Cash, 1,500. Address: 10 Paid advertising expense, 1,700. 15 Fees earned and billed to customers for the month, 21,000. MODULE TEST 20 Paid creditor on account, 5,000 I. Analyze the following transactions as shown in the example below the list. (40 points) 24 Withdrew cash for personal use, 5,000. 1. Poland Barrio opened a Repair Shop by investing Php10,000 cash and 29 Paid telephone bill for the month, 1,500. repair equipment worth Php4,000. 30 2. Paid Php2,000 for one month's rent. Received cash from customers on account, 15,500. 3. Purchased repair supplies on account Php 1,000. 31 Paid for repairs & maintenance, 950. 4. Purchased additional repair equipment on account Php3,000. 31 Paid utilities for the month, 1,300. 5. Received cash for repair services, Php800 6. Rendered repair services on credit Php700. 7. Paid assistant's salary for the month Php 1,500. 8. Accepted cash for repairs completed, Php3,800. 9. Paid for repair supplies purchased in No.3 10. Withdrew Php2,000 from business for personal use. Transaction No.1 is given as an example: 1 . The asset, Cash and Repair Equipment were increased. Increases in assets are recorded by debits. Debit cash, Php10,000:Debit Repair Equipment, Php4,000. The owner's equity, Roland Barrio, Capital was increased. Increase in owner's equity is recorded by credits. Credit Roland Barrio, capital Php 14,000. Il. Instruction: Record the following transactions of Ludivico Alejo, Architect completed during January of the current year in a two-column journal: (60 points) Page 1 of 2 265 words DX English (United States) Focus + 100% Type here to search VOICE 9 W ~ () ENG 1:16 am 04/03/2021