ULJLIUN 23 Not answered Marked out of 156.00 Hat question Wilderness Travel & Tours is owned and operated by Aaron Vista. It is a is a full-service travel agency providing corporate, leisure, and management services. It specializes in promoting Philippine local tours that give clients the most complete experience at the best price. Business transactions during January are summarized as follows: a) Aaron Vista invested additional cash in the business with a deposit of P 21,000.00 in the business bank account at BPI. b)Purchased land adjacent to land currently owned by Wilderness Travel & Tours to use in the future as a parking lot, paying cash of P 35,000.00. c)Paid rent for the month, P 4,000.00. d)Charged customers for fees earned on account, P 72,000.00 e) Paid creditors on account, P 20,000.00 f) Purchased supplies on account, P 8,000.00 g) Received cash from customers for fees earned, P 38,000.00 h) Received cash from customers on account, P 77,000.00 i) Paid the followng: wages expense, P 24,000.00; repairs expense, P 2,100.00; utilities expense, P 1,800.00, miscellaneous expense, P 1,300.00 611 CPUBE e expense, 1,OUU.UU, 1111scellaneous expense, 1,5UU.UU. j) Determined that the cost of supplies on hand was P 11,800.00; therefore, the cost of supplies used during the month was P 7,200.00. k)Withdrew P 5,000.00 for personal use. INSTRUCTIONS: 1) Indicate the effect of each transaction and the balances after each transaction, using the tabular heading format below. A w Cat . A Below are the accounts and balances of the business as of January 1, 2020. Cash Accounts Receivable Supplies Land- Accounts payable A. Vista, Capital P 39,000 80,000 11,000 -50,000 -31,500 ? 2) For the month ended January 31,2020, prepare an (1) income statement, (2) a statement of SS Below are the accounts and balances of the business as of January 1, 2020. Cash Accounts Receivable Supplies Land- Accounts payable A. Vista, Capital P 39,000 80,000 11,000 -50,000 --31,500 ? 2) For the month ended January 31,2020, prepare an (1) income statement, (2) a statement of owner's equity, and a (3) balance sheet, all in proper form. Kindly write your answers legibly on a clean sheet of paper. Please take a clear photo of your answers. Upload them here. Wait for me to check if answers have been uploaded before you can leave our virtual classroom. 69 CPU e. 3