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INSTRUCTIONS: For the account title row, choose from the list of account titles below. Type the letter of the correct answer. A Cash B Accounts
INSTRUCTIONS: For the account title row, choose from the list of account titles below. Type the letter of the correct answer. A Cash B Accounts Receivable C Supplies D Videotapes E Accounts Payable F Victoria, Capital X If not applicable INSTRUCTIONS: For the amount row, use comma to separate the digits (eg 12.000). For increase, No need to use plus sign. For decrease use negative sign before the amount (eg.-12.000). Whether increase or decrease. No need to use peso sign. Type X in the box if no amount is to be written. All boxes must be filled up. On December 1, 2019, Lady Victoria opened a videotape rental store named LV Video Country by investing P250,000 cash from her personal savings account. December 1, 2019 ASSET LIABILITIES OWNER'S EQUITY Row for account titles Row for the amount = + + = + + OWNER'S EQUITY December 1, 2019 Purchased supplies on account, P67,000 December 1, 2019 ASSET LIABILITIES Row for account titles Row for the amount = = = OWNER'S EQUITY December 4, 2019 Purchased videotapes on account, P235.000 December 4, 2019 ASSET LIABILITIES Row for account titles Row for the amount = + OWNER'S EQUITY December 5, 2019 Paid P85,000 to suppliers / creditors. December 5, 2019 ASSET LIABILITIES Row for account titles Row for the amount = December 8, 2019 Received P78.000 from a client named ACA Video for video rental fees. December 8, 2019 ASSET LIABILITIES OWNER'S EQUITY Row for account titles Row for the amount = OWNER'S EQUITY December 11, 2019 Billed a client Video City for video rentals, P105,000 December 11, 2019 ASSET LIABILITIES Row for account titles Row for the amount = + + + = LIABILITIES OWNER'S EQUITY December 15, 2019 Paid salaries, P65,000 December 15, 2019 ASSET Row for account titles Row for the amount = + = + OWNER'S EQUITY December 17, 2018 Collected P77,000 from a client Video City billed on December 11. December 17, 2019 ASSETS LIABILITIES Row for account titles Row for the amount = + = = + OWNER'S EQUITY December 24, 2019 Paid rent for the month, P 41,500 December 24, 2019 ASSET LIABILITIES Row for account titles Row for the amount = + OWNER'S EQUITY December 30, 2019 Paid utilities for the month, P 17.500 December 30, 2019 ASSET LIABILITIES Row for account titles Row for the amount = +
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