Produce a worksheet indicating the accounting equation using

Assignment Help Financial Accounting

Reference no: EM133432508

Question: Judy decided to start her own gift basket business. Here is a summary of transactions she made for the month of September: • Sept. 1: Judy invested P10,000 to start her new business. • Sept. 2: Judy paid P900 in cash for gift basket supplies to make gift baskets. • Sept. 3: Judy paid P800 rent for the month of September for her storefront. • Sept. 4: Judy bought P400 worth of office equipment (desk, chairs). • Sept 28: Judy sold P2,200 in gift baskets and gift basket accessories. • Sept. 29: Judy bought P1,500 worth of straw and birchwood to make gift baskets on credit payable in 90 days. • Sept. 30: Judy took inventory at the end of the month and found she had P1,800 worth of gift basket supplies remaining. Produce a worksheet indicating the accounting equation using the above transactions.

Reference no: EM133432508

Questions Cloud

How are property, plant, and equipment measured under aspe : How are property, plant, and equipment measured under ASPE? Inoluoe both initial and subsequent measurement in your discussion. What are the measurement options

Describes the pattern of interest expense for federated over : describes the pattern of interest expense for Federated over the lease term. 3. Prepare the appropriate entries for Federated from the beginning of the lease

What is key concerns with staff spending time on tracking : What is the key concerns with staff spending time on tracking and accounting of tasks, What are some of short and long term effects of a high volume of tickets.

Examine nestle sa procurement breakdown : Examine Nestle SA procurement breakdown 2010. Suggest four (4) ways how the company can utilise the data from the spend analysis - focus on the dairy spend

Produce a worksheet indicating the accounting equation using : Produce a worksheet indicating the accounting equation using the above transactions.

Which project should you choose : To be prudent, you compute the NPV for both projects. Which project should you choose? Is it consistent with the incremental IRR rule?

Compare the regulatory mechanisms in the united states : Compare the regulatory mechanisms in the United States and the United Kingdom.

What is the contribution margin ratio for young company : Young Company budgets sales of $900,000, fixed costs of $18,200, and variable costs of $81,000. What is the contribution margin ratio for Young Company?

What are advantages of using a database management system : What are the advantages of using a database management system (DBMS) over using file-based data storage?

User Account

All Pages