Record the following Transactions using the accounting equation format The following are the transactions of NETFLICKS...

Transcribed Image Text:

Record the following Transactions using the accounting equation format The following are the transactions of NETFLICKS for the month of June 2020 1. Mr. Victor Basa established his internet shop business with cash investment of P500,000 2. Purchased 5 computers for P150,000 on account and made P60,000 down payment 3. Bought computer tables for cash 5,200. 4. Paid the equipment bought in #2, P60,000. 5. Mr. Basa bought printers worth P12,000 cash 6. Purchased supplies 2,500 on account 7. Paid the supplies bought in #6 8. The business bought a cameras for 40,000 on account 9. Billed ABC Co for P20,000 for Printing Services 10.NETFLICKS acquired a loan of P150,000 from BDO Alfonso Branch 11.Paid Meralco P10,000 for electricity used. 12.NETFLICKS received P10,000 cash for internet services 13.Collected P15,000 from ABC Co. 14.Mr. Basa withdraw P5,000 for personal use 15.NETFLICKS paid building rent for his company worth P3,000 and paid cash 16.Paid P50,000 of the loan from BDO Alfonso Branch 17.NETFLICKS bought a furniture set worth P20,000 cash 18.Paid salaries of 2 internet shop assistants P20,000 each. 19.Billed and collected from Mr. Chris for internet services P20,000 20.Paid Converge P5,000 for the internet connections Record the following Transactions using the accounting equation format The following are the transactions of NETFLICKS for the month of June 2020 1. Mr. Victor Basa established his internet shop business with cash investment of P500,000 2. Purchased 5 computers for P150,000 on account and made P60,000 down payment 3. Bought computer tables for cash 5,200. 4. Paid the equipment bought in #2, P60,000. 5. Mr. Basa bought printers worth P12,000 cash 6. Purchased supplies 2,500 on account 7. Paid the supplies bought in #6 8. The business bought a cameras for 40,000 on account 9. Billed ABC Co for P20,000 for Printing Services 10.NETFLICKS acquired a loan of P150,000 from BDO Alfonso Branch 11.Paid Meralco P10,000 for electricity used. 12.NETFLICKS received P10,000 cash for internet services 13.Collected P15,000 from ABC Co. 14.Mr. Basa withdraw P5,000 for personal use 15.NETFLICKS paid building rent for his company worth P3,000 and paid cash 16.Paid P50,000 of the loan from BDO Alfonso Branch 17.NETFLICKS bought a furniture set worth P20,000 cash 18.Paid salaries of 2 internet shop assistants P20,000 each. 19.Billed and collected from Mr. Chris for internet services P20,000 20.Paid Converge P5,000 for the internet connections

Answer rating: 100% (QA)

Transaction 1 Mr Victor Basa established his internet shop business with a cash investment of P500000 Accounting Equation Assets Cash Equity Owners Capital Liabilities None Transaction 2 Purchased 5 c... View the full answer