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Nelson Daganta formed Liceo Sign Company on October 1, 2011, depositing P250,000 into the company bank account. During October, transactions included acquiring a vehicle for P195,000 on account, supplies for P57,000 cash, receiving P87,500 cash for signs, paying rent of P25,000, painting signs for P170,000 on account, paying P55,000 on account, withdrawing P25,000 for personal use, collecting P35,000, paying salaries of P57,000, and paying bills to BayanTel and adAsia totaling P12,500. Ludivinia Victorino

Author

Bathala

Language

EN