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i have answered this already but i want to double check if they're right. can anyone please help me this this? thank you! :) NAME:
i have answered this already but i want to double check if they're right. can anyone please help me this this? thank you! :) NAME: SECTION: SCORE: PROFESSOR: Problem #14 Recording Transactions in a Financial Transaction Worksheet Ludivinia Victorino, a veteran photographer, opened a studio for her profession practice on July 1. Transactions completed during the month follow: a. Deposited P146,200 in a bank account in the name of the business, Victorino Photo Profiles. b. Bought new photography equipment on account from Canon Equipment, P71,210. C. Invested personal photography equipment into the business, P51,620. d. Paid office rent for the month, P5,500. e. Bought photography supplies for cash, P7,960. f. Paid premium for insurance cover on photography equipment, P1,240. Received P8,960 as professional fees for services rendered. h. Paid salary of part-time assistant, P6,000. i. Received and paid bill for telephone service, P640. 1. Paid Canon Equipment part of the amount owed on the purchase of photography equipment, P4,200. k. Received P15,480 as professional fees for services rendered. I. Paid for minor repairs to photography equipment, P760. m. Victorino withdrew cash for personal use, P9,600. Required: Record the transactions for the month of July 2020 using a financial transaction worksheet. Use the following accounts: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Photography Equipment; Accounts Payable; and Victorino, Capital. If the owner's equity account is affected by a transaction, identify it as revenue, expense, investment or withdrawal
i have answered this already but i want to double check if they're right. can anyone please help me this this? thank you! :)
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