B. 1. BUSINESS TRANSACTION/NON-BUSINESS TRANSACTION DIRECTIONS: On the space provided, indicate BT if the statement is a bi transaction and NBT if the statement is not a business transaction. 1. Bill received from Masaya Spa, Inc. for the massage service rendered. 2. Promotion of a car supervisor to a managerial position. 3. Paid salaries of employees. 4. Transferred some furniture from home to business. 5. Received cash from GSIS as educational loan. 6. Paid balance due on bank loan. 7. Paid taxes and other business permits. 8. Opened a checking account in business name. 9. Purchase 50 boxes of can goods intended for sale. 10. Hired new employees. 11. Closed a contract for the construction of building. 12. Bought spa supplies and equipment.
B. 1. BUSINESS TRANSACTION/NON-BUSINESS TRANSACTION DIRECTIONS: On the space provided, indicate BT if the statement is a bi transaction and NBT if the statement is not a business transaction. 1. Bill received from Masaya Spa, Inc. for the massage service rendered. 2. Promotion of a car supervisor to a managerial position. 3. Paid salaries of employees. 4. Transferred some furniture from home to business. 5. Received cash from GSIS as educational loan. 6. Paid balance due on bank loan. 7. Paid taxes and other business permits. 8. Opened a checking account in business name. 9. Purchase 50 boxes of can goods intended for sale. 10. Hired new employees. 11. Closed a contract for the construction of building. 12. Bought spa supplies and equipment.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 2E: List the classification of each of the following accounts as A (asset), L (liability), OE (owners...
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