Problem #10 Transactions in a Completed Worksheet Nine transactions are reflected in the October transaction worksheet of the Teresit Galang Financial Planner presented below: Teresita Galang...

Problem #10 Transactions in a Completed Worksheet Nine transactions are reflected in the October transaction worksheet of the Teresit Galang Financial Planner presented below: Teresita Galang Financial Planner Financial Transaction Worksheet Month of October 2021 OE Galang, Capital Cash Accounts Supplies Office Accounts + Receivable Equipment Payable P 15,000 7,000 (5,000) Bal. P 17,500 P 4,500 P 153,000 P 60,000 P 130,000 %3D 1 n (7,000) 5,000 3 25,000 25,000 24,500 24,500 (16,000) 5 16,000 (6,500) 3,700 6. (6,500) %3D 3,700 8 %3D (2,500) (5,000) P 3,000 9. (2,500) (5,000) P 131,000 P 35,000 P 13,200 P 178,000 P 98,200 %3D P 229,200 P 229,200 Required: 1. Describe each of the above transactions. The last transaction is the only transaction affecting the capital account that does not affect profit. 2. What was the change in the Cash account for the month? In Galang, Capital?

Sep 11, 2022

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Problem #10 Transactions in a Completed Worksheet Nine transactions are reflected in the October transaction worksheet of the Teresit Galang Financial Planner presented below: Teresita Galang...

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