Question: Determine the value received and value parted with for the following transactions: a) Paid rent. Value received - Place to stay Value Parted With -

Determine the value received and value parted with for the following transactions: a) Paid rent. Value received - Place to stay Value Parted With - Cash b) Rendered professional services for cash. Value received - Cash Value Parted With - Professional Services c) Withdrew P100 for personal service. Value received - Personal service Value Parted With - P100 d) Paid the balance of P350 on a typewriter previously purchased on account. Value received - typewriter Value Parted With - P350 e) Purchased office supplies. Value received - Office Supplies Value Parted With - Cash

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