Business and Management Mini Task With the aid of T-accounts record the transactionslated below. Use...

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Accounting

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Business and Management Mini Task With the aid of T-accounts record the transactionslated below. Use the folosire accounts: Cash Accounts Receivable: Office Furniture Office Equipment Account Parete Resultay, Capital Resultay Withdrawak Corsuing Revenues: Salaries Expense Rent Expat Utilities Expense Christine Resultay is an experienced events planner. The transactions and account for the business are as follows: a. Invested P100,000 in cash to start her own business b. Pald P5,000 for one month's rent c. Bought office furniture for P15,000 in cash. d. Received delivery of laptop computer, P54,000. Paid 50% down, balance due in 30 days e. Performed services for P12,000 in cash 1. Performed services for P10,800 on credit. g. Acquired a tax machine for P7,500: pald P3,000 in cash, balance due in 10 days h. Received P5,400 from clients on account L. Paid P10,000 for salaries J. Settled in full the P4,500 balance for the fax machine, k. Received P7,000 in cash for services performed Performed services for P12,000 on credit m. Paid P1.350 for the monthly telephone bill. n. Paid P2.400 for the electric and water bills. o. Collected P2,000 from the clients on account p. Resultay withdrew P7,000 in cash for personal expenses. Entallment

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