Scribd Logo
Upload

Welcome to Scribd!

  • 197 views

    Untitled Spreadsheet

    Uploaded by

    Fiona Miralpes
    The document provides financial information for Playnet.com for the month of April. It includes transactions recorded in a T-account format. Key transactions include receiving P18,500 in fees from players, paying P10,000 in salaries to workers, and P5,000 in rent. Expenses also included P2,815 for business permits, P500 for BIR registration, P5,750 for internet and phone lines, and P800 for electricity. The owner withdrew P1,500 cash. Assets included P500 still owed in accounts receivable. The owner's initial capital and financial position as of April 30th are required.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Untitled Spreadsheet

    Uploaded by

    Fiona Miralpes
    197 views5 pages
    The document provides financial information for Playnet.com for the month of April. It includes transactions recorded in a T-account format. Key transactions include receiving P18,500 in fees from players, paying P10,000 in salaries to workers, and P5,000 in rent. Expenses also included P2,815 for business permits, P500 for BIR registration, P5,750 for internet and phone lines, and P800 for electricity. The owner withdrew P1,500 cash. Assets included P500 still owed in accounts receivable. The owner's initial capital and financial position as of April 30th are required.

    Original Title

    Untitled spreadsheet (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides financial information for Playnet.com for the month of April. It includes transactions recorded in a T-account format. Key transactions include receiving P18,500 in fees from players, paying P10,000 in salaries to workers, and P5,000 in rent. Expenses also included P2,815 for business permits, P500 for BIR registration, P5,750 for internet and phone lines, and P800 for electricity. The owner withdrew P1,500 cash. Assets included P500 still owed in accounts receivable. The owner's initial capital and financial position as of April 30th are required.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    197 views5 pages

    Untitled Spreadsheet

    Uploaded by

    Fiona Miralpes
    The document provides financial information for Playnet.com for the month of April. It includes transactions recorded in a T-account format. Key transactions include receiving P18,500 in fees from players, paying P10,000 in salaries to workers, and P5,000 in rent. Expenses also included P2,815 for business permits, P500 for BIR registration, P5,750 for internet and phone lines, and P800 for electricity. The owner withdrew P1,500 cash. Assets included P500 still owed in accounts receivable. The owner's initial capital and financial position as of April 30th are required.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Refer to Exercise 14 of Chapter 3 (Playnet.Com).

    On the first line dated March 31 copy the balanc

    2 Registered the business name with the Department of Trade and Industry and paid P
    5 Manila City Hall issued a business permit for P2,815.
    8 The business was registered with the Bureau of Internal Revenue for P500.
    12 Paid PLDT for the business line and internet fee, P5,750.
    18 Cash withdrawal by the owner, P1,500.
    20 Received the bill for electricity used, P800.
    25 Rent was paid for P5,000.
    30 Summary of monitoring sheets showed a total of P18,500 collected from players for In
    30 Salaries of workers paid amounted to P10,000. Half of the supplies are still on hand.
    Required:
    a) Prepare the income statement of the business for April.
    b) What was Angel's capital as at April 30?
    c) List down the assets and the liabilities and prepare the statement of financial position.
    Use the following expense accounts: Rent Expense, Salary Expense, Taxes and Licenses, and U
    ch 31 copy the balances. The second line will start with the month of April. Analyze the following April trans

    d Industry and paid P300.

    ue for P500.

    cted from players for Internet, On Line and LAN Games. P500 is still on account.
    plies are still on hand.

    cial position.
    s and Licenses, and Utility Expense. For the revenue account use the title: Internet, On-Line and Lan Games
    e following April transactions using the format of Happy Tour on page 71:

    n-Line and Lan Games Fee


    April Cash AR withdrawal Registration Fee AP Rent Expense
    2 300 300
    5 -2,815 -2,815
    8 500 -500
    12 5,750
    18 1500 -1500
    20
    25 5,000 5,000
    30 -500 -500
    30 10,000

    total 19735 -500 -1500 -200 -2,815 5,000

    17735 17735
    Electricity Exp.
    Operating ExpenseSalaries Exp.

    5,750

    800 -800

    10,000

    800 4950 10,000

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy