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    ASASDASDASDASDASDASDASD

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    Prince Philip Reyes
    The document contains financial transactions for 5 problems and a financial statement as of January 1, 2019. Problem 2 records the purchase of $400,000 of equipment with a capital contribution of $706,000 from Sabio's Capital. Problem 3 records the purchase of $1,260,000 of equipment and $240,000 of cash with a capital contribution of $1,500,000 from Gogola's Capital and $900,000 from Paglinawan's Capital.

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    ASASDASDASDASDASDASDASD

    Uploaded by

    Prince Philip Reyes
    4 views1 page
    The document contains financial transactions for 5 problems and a financial statement as of January 1, 2019. Problem 2 records the purchase of $400,000 of equipment with a capital contribution of $706,000 from Sabio's Capital. Problem 3 records the purchase of $1,260,000 of equipment and $240,000 of cash with a capital contribution of $1,500,000 from Gogola's Capital and $900,000 from Paglinawan's Capital.

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    The document contains financial transactions for 5 problems and a financial statement as of January 1, 2019. Problem 2 records the purchase of $400,000 of equipment with a capital contribution of $706,000 from Sabio's Capital. Problem 3 records the purchase of $1,260,000 of equipment and $240,000 of cash with a capital contribution of $1,500,000 from Gogola's Capital and $900,000 from Paglinawan's Capital.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    4 views1 page

    ASASDASDASDASDASDASDASD

    Uploaded by

    Prince Philip Reyes
    The document contains financial transactions for 5 problems and a financial statement as of January 1, 2019. Problem 2 records the purchase of $400,000 of equipment with a capital contribution of $706,000 from Sabio's Capital. Problem 3 records the purchase of $1,260,000 of equipment and $240,000 of cash with a capital contribution of $1,500,000 from Gogola's Capital and $900,000 from Paglinawan's Capital.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 1

    Problem 2

    Debit Credit
    Equipment P 400,000
    Accounts Receivable P 306,000
    Sabio's Capital P 706,000

    Problem 3
    Debit Credit
    Cash P 1,260,000
    Equipment P 240,000
    Gogola's capital P 1,500,000

    Cash P 900,000
    Paglinawan's Capital P 900,000

    Problem 4
    Debit Credit
    Cash P 300,000
    Land P 450,000
    Calaguas's Capital P 750,000

    Cash P 100,000
    Building P 200,000
    Dela Cruz's Capital P 300,000

    Problem 5
    Debit Credit
    Accounts Recievable P 140,000
    Inventory P 460,000
    Equipment P 124,000
    Espanol's Capital P 724,000

    Cash P 724,000
    Quino's Capital P 724,000

    financial statements
    January 1 , 2019
    Debit Credit
    Assets
    Cash P 724,000
    Accounts Receivable P 140,000
    Inventory P 460,000
    Equipment P 124,000
    Fish R U's Capital P 1,448,000

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