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please answer immediately thankyou 16. Mina Narvaez formed the Cavite Day Care Center for Kids. The following are the transactions for the month of April
please answer immediately thankyou
16. Mina Narvaez formed the "Cavite Day Care Center for Kids". The following are the transactions for the month of April to prepare the center in time for the opening in June. Analyze the transactions using the Copyclear demo format but extract the balances only after the last transaction. Include the following money columns: Cash, Furniture and Fixtures, Supplies, Equipment, Car, Accounts Payable, Notes Payable, Narvaez Capital and Narvaez Drawing April 1 2 10 15 Ms. Narvaez, using her personal savings transferred cash of P300,000 for the account of the center. Purchased play equipment for use in the center costing P100,000. Terms: a down payment of P50,000 and the balance was evidenced by a note payable in installments at the end of the month for five months. She purchased three compute sets, a printer and a fax machine for the center amounting to P300,000 by using her own bank express card Hired a carpenters to build chairs, tables and cabinets for the center and for her office. Total cash paid amounted to P100,000 Purchased school supplies (coloring books and materials) P15,000 and medical supplies for cash, P10,000. Bought a slightly used car for the center. A 50% down payment was made for P75,000 with the balance due after thirty days. Ms. Narvaez withdrew P500 worth of medical supplies for her personal use Paid for the first installment on the note 20 23 25 30 Prepare a statement of financial position as at April 30, 2015 using the final balancesStep by Step Solution
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