(Mendova) January 6- Rendered services to clients and received cash amounting to P33,750.

Task: 1. Analyze each transaction. 2. Determine the accounts affected, classification of account, the effect on the accounts affected, where the balance should be recorded (debit/credit) and in what financial statement can it be found. Use the template below. 3. Prepare the Chart of Accounts for Mina Ty accounting firm. 4. Upload your output on our Google Drive with File name: Group#_Module4and5 Date Transaction Accounts Major Increase/ Debit/ In What Affected Decrease Credit Financial Account Statement can it be found? SFP- Balance Sheet IS-Income statement January Mina Ty a CPA, Cash 1 opened the TY Accounting Firm on Equipmen January 1, 2021, t with cash investment of P250,000 and supplies worth P50,000