Service Tools Service Vehicle Joel Feliciano has started his own business, Property Appraisals. He inspects property for buyers and sellers of real estate. Feliciano rents office space and has a part-time assistant to answer the phone and to help with inspections. The transactions for the month of September 2018 are as follows: Expenses Feliciano invested cash by making a deposit in a bank account for the business, P150,000. Paid rent for the month, P3,000. Bought a second-hand service vehicle for cash, P80,000. Bought service tools on account, P30,000. Paid electricity bill, P500.
Service Tools Service Vehicle Joel Feliciano has started his own business, Property Appraisals. He inspects property for buyers and sellers of real estate. Feliciano rents office space and has a part-time assistant to answer the phone and to help with inspections. The transactions for the month of September 2018 are as follows: Expenses Feliciano invested cash by making a deposit in a bank account for the business, P150,000. Paid rent for the month, P3,000. Bought a second-hand service vehicle for cash, P80,000. Bought service tools on account, P30,000. Paid electricity bill, P500.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter3: The General Journal And The General Ledger
Section: Chapter Questions
Problem 4PB: Leanders Landscaping Service maintains the following chart of accounts: The following transactions...
Related questions
Topic Video
Question
Please follow the format.
Required: WORKSHEET, (include the total assets, liability and equity)
please answer asap, i need it by afternoon
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,