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Below were the transactions of Ms. Alma for the month of August. 1. Alma invested P900,000 cash in the business. 2. Brought brand new washers
Below were the transactions of Ms. Alma for the month of August. 1. Alma invested P900,000 cash in the business. 2. Brought brand new washers and dryers for P800,000, paying cash. 3. Bought laundry detergent and conditioner in cash, P23,000. 4. Billed Manila Hotel for laundry services rendered, P64,000. 5. Bought a chairs, desk, and filing cabinet on account, P16,150. 6. Bought a used delivery truck for P2,900 from Westland Automotive paying P500 down; the balance is due in 30 days. 7. Billed Aristocrat Restaurant for laundry services rendered in August, P26,980. 8. Received and paid the water bill from Manila Water, P11,215. 9. Received cash of P23,200 for laundry services to various customers. 10. Collected the full amount due from the Manila Hotel. 11. Paid P15,000 for August rental. 12. Used P14,300 of the laundry supplies bought in Number 3. 13. Received and paid the electricity bill from MERALCO, P18,720. Based on the above transactions, answer the following questions: How much is the balance of the laundry supplies at the end of the month? (e.g 900,000.00) Your answer How much is the balance of the Cash at the end of the month? (e.g 900,000.00) Your answer * 2 points * 5 points How much is the balance of the * 2 points Account Receivable at the end of the month? (e.g 900,000.00) Your answer How much is the balance of the Laundry Supplies at the end of the month? (e.g 900,000.00) Your answer How much is the balance of the Laundry Equipment at the end of the month? (e.g 900,000.00) Your answer * 2 points How much is the balance of the Vehicles at the end of the month? (e.g 900,000.00) Your answer * 2 points * 2 points How much is the balance of the 2 points Furniture and Fixtures at the end of the month? (e.g 900,000.00) Your answer K How much is the balance of the Utilities Expense at the end of the month? (e.g 900,000.00) Your answer How much is the balance of the Salaries Expense at the end of the month? (e.g 900,000.00) Your answer How much is the balance of the Laundry Revenue at the end of the month? (e.g 900,000.00) Your answer * 2 point * 2 point * 2 point
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