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4 8 Laila Ramos decided to open a bicycle and car rental business on March 01, 2015 to augment the salary of her husband. From the summary of transactions described below fill up the given matrix and determine the A) net income, B) cash balance and the C) owner's capital at the end of its three-month operation. 1 Invested P50,000 in cash and P100,000 in bicycles Borrowed from the bank P250,000 cash and issued a note for this. Bought mini cars P200,000 on credit. 12 Rental fees billed to customers, P50,000 on credit. | 15 Total expenses paid for utilities amounted to P15,000. 18 Purchased supplies and paid cash of P2,000. 20 Made a cash withdrawal of P5,000 25 Collected accounts of customers, P50,000. 28 Total expenses paid for rent amounted to P15,000. 30 Only 80% of the supplies were used up. Paid P100,000 on the account owing for cars bought. 31 Date Cash Supplies Accounts Receivable Bicycles & Cars Accts Payable Notes Payable Ramos Capital Charges in Capital Heading: Income Statement Revenues Expenses Total LP Net Income Heading Statement of Charges in Capital Ramos, Capital March 1 Drawings Net Income Ramos, March 31 Statement of Financial Position Assets Current Assets Total Property and Equipment: Total Assets Liabilities & Owner's Equity Current Liabilities: Total Liabilities: Owners' Equity Total Liabilities and Owner's Equity

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