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Balance and solve the problem. Write your answers on the space provided TRANSACTION CASH ACCOUNTS RECEIVABLE SUPPLIES FACILITIES UTILITIES PAYABLE ACCOUNTS PAYABLE OWNER'S EQUITY Mr.
Balance and solve the problem. Write your answers on the space provided
TRANSACTION CASH ACCOUNTS RECEIVABLE SUPPLIES FACILITIES UTILITIES PAYABLE ACCOUNTS PAYABLE OWNER'S EQUITY Mr. Li invested P65,000 for his small business Mr. Li bought P5,000 worth of supplies Mr. Li bought P12,000 worth of furnitures Mr. Li sold P21,000 worth of products Mr. Li borrowed P30,000 from Mrs. Lu Mr. Li paid the electric bill worth P5,020 Mr. Li sold P15,300 on account to Ms. La Mr. Li delivered orders worth P22,000 Mr. Li spent P10,600 on shop expenses Mr. Li paid Mrs. Lu P23,000 Mr. Li collected P10,300 from Ms. La TOTAL ASSETS: TOTAL LIABILITIES: TOTAL OWNER'S EQUITYStep by Step Solution
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