Instruction: Determine the Value Received and Value Parted With on the following business transactions.Transaction #2: Bought office table and chairs P10,000.00, made 50% down payment and issued a note for the balance.

Subject:
Economics
Author:
levy
Created:
1 year ago

Answers 2

Answer:

Initial investment by S. Ty

Value received: cash

Value parted: capital

Bought a car on account

Value received: equipment - car

Value parted: accounts payable

Rendered professional service on account.

Value received: accounts receivable

Value parted: service income

Cash withdrawal by S. Ty

Value received: drawings

Value parted: cash

Collection from client's account

Value received: cash

Value parted: accounts receivable

Rendered professional service for cash

Value received: cash

Value parted: service income

Issued a note for borrowed money.

Value received: cash

Value parted: notes payable

Additional investment by S. Ty

Value received: cash

Value parted: capital

Sold an old car for cash

Value received: cash

Value parted: equipment - car

Received a promissory note from a client

Value received: notes receivable

Value parted: service income/sales

Payment of account to a supplier

Value received: accounts payable

Value parted: cash

Received a promissory note in exchange for...

Value received: notes receivable

Value parted: service income/sales

Explanation:

#brainlest me #carry on learning#brainlyfast#i hope its help

Author:

koletwsm
Rate an answer:
6

Answer:

The owner of the company believes the most valuable asset for his company is the employees. The service the company provides depends on having intelligent, hardworking, dependable employees who believe they need to deliver exactly what the customer wants in a reasonable amount of time. Without the employees, the company would not be so successful. The owner wants to know if she can include the value of her employees on the balance sheet as an asset.

Explanation:

#carry on learning

Author:

kaitlinbsii
Rate an answer:
10

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