Problem 3 State the value received and value parted with in the following transactions : 1. Bought equipment from E and E trading on credit , P15,000 2. Purchased from NBS Bookstore office supplies worth P1,000 cash . 3. Billed XYZ Corp . for P12,200 for services rendered 4. Completed work for R. rickets and collected P9,500 5. Paid P5,000 to E and E Trading as partial payment of its account. 6. Paid P7,500 cash for office supplies ordered and received 7. Received in cash fees of P17,000 from various clients . 8. XYZ Corp . paid one -half of its account 9. Paid the telephone bill for the month , P5,000 10.Paid salary, P4,500. 11.Paid office space rent, P6,000. 12. Received P5,000 from a client for services rendered