CHAPTER 3 PROBLEM for BSA/BSMA REQUIRED: 1. State the Account and the Amount to be DEBITED and CREDITED. 2. Establish the following accounts in a financial transaction Worksheet: Cash, Accounts Receivable, Notes Receivable, Furniture&Fixtures, Office Equipment, Accounts Payable and Cedrick de Villa, Capital. If the owner's equity account is affected by a transaction, identify if it is Revenue, Expenses, Investment or Withdrawal. Oct. 1 Cedrick de Villa open a law firm he invested cash of aP = 250000 and tables & chair worth = P = 50000 . Oct. 3 Purchased a set of computer, = P = 75000 to Royal Sales payable in 6 months. Oct. 8 Completed legal works = P = 70 ,500 paying 20,000 cash & the balance supported by a promissory note. Oct. 10 Billed Abner Atienza = P = 35 ,500 for services rendered. Oct. 12 Purchased office supplies = P 4,550.00 Oct. 15 Completed legal works to Mark Tubo 40,750 on account. Oct. 20 Abner Atienza paid 60% of his account. Oct. 23 Paid its first monthly payment to Royal Sales. Oct. 25 Paid the rent space = P = 15000 . Oct. 28 Rendered legal service to a client = P =25,500, receiving 20% cash and the balance on credit. Oct. 30 Paid the secretary salaries, = P = 10000