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The 8 transactions recorded by Kapo Yeah Travel and Tours during April, its first month of operations, are indicated in the following T- accounts: (1)
The 8 transactions recorded by Kapo Yeah Travel and Tours during April, its first month of operations, are indicated in the following T- accounts: (1) 30,000 (6) 9,500 Cash (2) 1,500 (3) 10,000 (5) 7,500 (7) 3,000 Accounts Receivable (4)13,000 (6) 9,500 Kapoy Yup, Capital (1) 30,000 Supplies (2)1,500 (8) 1,050 Equipment (3)30,000 Service Revenue (4) 13,000 Supplies Expense (8)1,050 Accounts Payable (5)7,500 (3) 20,000 Kapoy Yup, Drawings (7)3,000 Refer to item No. 8, describe the transaction that give rise to the analysis. Invested P1,050 worth of supplies Used P1,050 worth of supplies during the month Sold P1,050 worth of supplies Bought P1,050 worth of supplies Refer to item No.3, give the transaction that resulted to the analysis * O Purchased equipment for P30,000 on account. O Kapoy Yup bought an equipment worth P30,000 with a downpayment of P10,000; balance on account O Purchased equipment for P30,000 in cash. O Kapoy Yup invested an equipment worth P30,000. If you were asked to prepare a trial balance of balances as of April, what will be the balances for the debit and credit?* P95,550 Answer not given P98,600 P51,450 If you were asked to prepare a trial balance of totals as of April, what will be the totals for the debit and credit? * OP98,600 OP95,550 OP51,450 O Answer not given
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