this is a problem solving from accounting...
june 2: juan cruz invested P10,000 cash in a barber shop
assets = liabilities + proprietorship
cash P10,000= 0 + P10,000 juan cruz, capital
june 3: the business bought tables and chairs for cash P200
assets = liabilities + proprietorship
cash P9,800 = 0 + p10,000 juan cruz, capital
now the problem is in the following:
june 4:the business bought talclum powder for P100 cash
june 5:the business bought hair lotion from ACME TRADING, P200, payable in 30 days
now what is the assets=liabilities+proprietorship from the following days?(june 4 and june 5)
2007-06-20
22:48:11
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2 answers
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asked by
chelsiey
1