accounting problems set with 17 transaction ​

Accounting Problem Set – 17 TransactionsBusiness Name: Prime StationeryOwner: Andrea LopezDate Started: June 1, 2025 Transactions:June 1 – Andrea Lopez started the business by investing ₱120,000 in cash.June 2 – Purchased office supplies for ₱6,500 in cash.June 3 – Paid monthly rent for the store, ₱3,000.June 4 – Bought merchandise inventory worth ₱25,000 on account.June 5 – Sold merchandise for ₱13,000 in cash (Cost: ₱7,800).June 6 – Paid ₱10,000 to the supplier from the June 4 purchase.June 7 – Acquired store shelves worth ₱15,000 on account.June 8 – Paid employees’ salaries, ₱5,000.June 9 – Made a sale on account worth ₱9,000 (Cost: ₱5,200).June 10 – Collected ₱4,000 from customers who bought on account.June 11 – Andrea withdrew ₱3,000 for personal use.June 12 – Paid utilities (electricity and water), ₱2,000.June 13 – Received interest income of ₱1,200 from the bank.June 14 – Purchased additional office supplies on account, ₱2,700.June 15 – Returned ₱1,200 worth of defective supplies to the supplier.June 16 – Paid ₱1,500 in cash for minor repairs of equipment.June 17 – Settled the remaining balance for the shelves bought on June 7.

Answered by Lutenatriley | 2025-06-12