SOLVED: FINANCIAL TRANSACTION WORKSHEET During March 2019, the first month of operations, various transactions took place. a. March 1. Medina started his new business by depositing P350,000 in a bank account in the name of Medina Graphics Design at BPI Po (2024)

  • Solutions
  • `); let searchUrl = `/search/`; history.forEach((elem) => { prevsearch.find('#prevsearch-options').append(`

    ${elem}

    `); }); } $('#search-pretype-options').empty(); $('#search-pretype-options').append(prevsearch); let prevbooks = $(false); [ {title:"Recently Opened Textbooks", books:previous_books}, {title:"Recommended Textbooks", books:recommended_books} ].forEach((book_segment) => { if (Array.isArray(book_segment.books) && book_segment.books.length>0 && nsegments<2) { nsegments+=1; prevbooks = $(`

  • ${book_segment.title}
  • `); let searchUrl = "/books/xxx/"; book_segment.books.forEach((elem) => { prevbooks.find('#prevbooks-options'+nsegments.toString()).append(`

    ${elem.title} ${ordinal(elem.edition)} ${elem.author}

    `); }); } $('#search-pretype-options').append(prevbooks); }); } function anon_pretype() { let prebooks = null; try { prebooks = JSON.parse(localStorage.getItem('PRETYPE_BOOKS_ANON')); }catch(e) {} if ('previous_books' in prebooks && 'recommended_books' in prebooks) { previous_books = prebooks.previous_books; recommended_books = prebooks.recommended_books; if (typeof PREVBOOKS !== 'undefined' && Array.isArray(PREVBOOKS)) { new_prevbooks = PREVBOOKS; previous_books.forEach(elem => { for (let i = 0; i < new_prevbooks.length; i++) { if (elem.id == new_prevbooks[i].id) { return; } } new_prevbooks.push(elem); }); new_prevbooks = new_prevbooks.slice(0,3); previous_books = new_prevbooks; } if (typeof RECBOOKS !== 'undefined' && Array.isArray(RECBOOKS)) { new_recbooks = RECBOOKS; for (let j = 0; j < new_recbooks.length; j++) { new_recbooks[j].viewed_at = new Date(); } let insert = true; for (let i=0; i < recommended_books.length; i++){ for (let j = 0; j < new_recbooks.length; j++) { if (recommended_books[i].id == new_recbooks[j].id) { insert = false; } } if (insert){ new_recbooks.push(recommended_books[i]); } } new_recbooks.sort((a,b)=>{ adate = new Date(2000, 0, 1); bdate = new Date(2000, 0, 1); if ('viewed_at' in a) {adate = new Date(a.viewed_at);} if ('viewed_at' in b) {bdate = new Date(b.viewed_at);} // 100000000: instead of just erasing the suggestions from previous week, // we just move them to the back of the queue acurweek = ((new Date()).getDate()-adate.getDate()>7)?0:100000000; bcurweek = ((new Date()).getDate()-bdate.getDate()>7)?0:100000000; aviews = 0; bviews = 0; if ('views' in a) {aviews = acurweek+a.views;} if ('views' in b) {bviews = bcurweek+b.views;} return bviews - aviews; }); new_recbooks = new_recbooks.slice(0,3); recommended_books = new_recbooks; } localStorage.setItem('PRETYPE_BOOKS_ANON', JSON.stringify({ previous_books: previous_books, recommended_books: recommended_books })); build_popup(); } } var whiletyping_search_object = null; var whiletyping_search = { books: [], curriculum: [], topics: [] } var single_whiletyping_ajax_promise = null; var whiletyping_database_initial_burst = 0; //number of consecutive calls, after 3 we start the 1 per 5 min calls function get_whiletyping_database() { //gets the database from the server. // 1. by validating against a local database value we confirm that the framework is working and // reduce the ammount of continuous calls produced by errors to 1 per 5 minutes. return localforage.getItem('whiletyping_last_attempt').then(function(value) { if ( value==null || (new Date()) - (new Date(value)) > 1000*60*5 || (whiletyping_database_initial_burst < 3) ) { localforage.setItem('whiletyping_last_attempt', (new Date()).getTime()); // 2. Make an ajax call to the server and get the search database. let databaseUrl = `/search/whiletype_database/`; let resp = single_whiletyping_ajax_promise; if (resp === null) { whiletyping_database_initial_burst = whiletyping_database_initial_burst + 1; single_whiletyping_ajax_promise = resp = new Promise((resolve, reject) => { $.ajax({ url: databaseUrl, type: 'POST', data:{csrfmiddlewaretoken: "WjyntFffwpBqkN6DZAkB5MLfulECWIVShrhuvAKqQk1z1vbCvz69rVrKNd2kEXrm"}, success: function (data) { // 3. verify that the elements of the database exist and are arrays if ( ('books' in data) && ('curriculum' in data) && ('topics' in data) && Array.isArray(data.books) && Array.isArray(data.curriculum) && Array.isArray(data.topics)) { localforage.setItem('whiletyping_last_success', (new Date()).getTime()); localforage.setItem('whiletyping_database', data); resolve(data); } }, error: function (error) { console.log(error); resolve(null); }, complete: function (data) { single_whiletyping_ajax_promise = null; } }) }); } return resp; } return Promise.resolve(null); }).catch(function(err) { console.log(err); return Promise.resolve(null); }); } function get_whiletyping_search_object() { // gets the fuse objects that will be in charge of the search if (whiletyping_search_object){ return Promise.resolve(whiletyping_search_object); } database_promise = localforage.getItem('whiletyping_database').then(function(database) { return localforage.getItem('whiletyping_last_success').then(function(last_success) { if (database==null || (new Date()) - (new Date(last_success)) > 1000*60*60*24*30 || (new Date('2023-04-25T00:00:00')) - (new Date(last_success)) > 0) { // New database update return get_whiletyping_database().then(function(new_database) { if (new_database) { database = new_database; } return database; }); } else { return Promise.resolve(database); } }); }); return database_promise.then(function(database) { if (database) { const options = { isCaseSensitive: false, includeScore: true, shouldSort: true, // includeMatches: false, // findAllMatches: false, // minMatchCharLength: 1, // location: 0, threshold: 0.2, // distance: 100, // useExtendedSearch: false, ignoreLocation: true, // ignoreFieldNorm: false, // fieldNormWeight: 1, keys: [ "title" ] }; let curriculum_index={}; let topics_index={}; database.curriculum.forEach(c => curriculum_index[c.id]=c); database.topics.forEach(t => topics_index[t.id]=t); for (j=0; j

    (b.item.view_count || 0) - (a.item.view_count || 0)); whiletyping_search = {books: [], curriculum: [], topics: []}; const MAX_BOOKS=3; const MAX_COURSES=4; const MAX_TOPICS=6; let curriculum_titles = new Set(); let topics_titles = new Set(); add_without_repetition = (params)=>{ // insert items from elems into array checking that array is max size // and no title duplicates for (var i = 0; i=params.max) {break;} if (!params.titles.has(params.elems[i].item.title)){ params.titles.add(params.elems[i].item.title); params.array.push(params.elems[i].item); } } } add_without_repetition({ max: MAX_COURSES, titles: curriculum_titles, elems: curriculum, array: whiletyping_search.curriculum }); add_without_repetition({ max: MAX_TOPICS, titles: topics_titles, elems: topics, array: whiletyping_search.topics }); for (var i = 0; i=MAX_BOOKS) {break;} book = books[i].item; whiletyping_search.books.push(book); add_without_repetition({ max: MAX_COURSES, titles: curriculum_titles, elems: book.curriculum, array: whiletyping_search.curriculum }); add_without_repetition({ max: MAX_TOPICS, titles: topics_titles, elems: book.topics, array: whiletyping_search.topics }); } return true; } else { return false; } }); } function build_solutions() { if (Array.isArray(solution_search_result)) { const viewAllHTML = userSubscribed ? `View All` : ''; var solutions_section = $(`
  • Solutions ${viewAllHTML}
  • `); let questionUrl = "/questions/xxx/"; let askUrl = "/ask/question/xxx/"; solution_search_result.forEach((elem) => { let url = ('course' in elem)?askUrl:questionUrl; let solution_type = ('course' in elem)?'ask':'question'; let subtitle = ('course' in elem)?(elem.course??""):(elem.book ?? "")+"    "+(elem.chapter?"Chapter "+elem.chapter:""); solutions_section.find('#whiletyping-solutions').append(` ${elem.text} ${subtitle} `); }); $('#search-solution-options').empty(); if (Array.isArray(solution_search_result) && solution_search_result.length>0){ $('#search-solution-options').append(solutions_section); } MathJax.Hub.Queue(["Typeset", MathJax.Hub, document.getElementById('search-solution-options')]); } } function build_whiletyping() { $('#search-pretype-options').empty(); $('#search-pretype-options').append($('#search-solution-options').html()); if (Array.isArray(whiletyping_search.books) && whiletyping_search.books.length>0) { var books_section = $(`
  • Textbooks View All
  • `); let searchUrl = "/books/xxx/"; whiletyping_search.books.forEach((elem) => { books_section.find('#whiletyping-books').append(` ${elem.title} ${ordinal(elem.edition)} ${elem.author} `); }); } $('#search-pretype-options').append(books_section); } function build_popup(first_time = false) { if ($('#search-text').val()=='') { build_pretype(); if (first_time) { do_whiletyping_search(); } } else { solution_search(); do_whiletyping_search().then((success) => { if (success) { build_whiletyping(); } else { build_pretype(); } }).catch((err) => { console.log(err); build_pretype(); }); } } var search_text_out = true; var search_popup_out = true; const is_login = false; function pretype_setup() { $('#search-text').focusin(function() { $('#search-popup').addClass('show'); resize_popup(); search_text_out = false; }); $( window ).resize(function() { resize_popup(); }); $('#search-text').focusout(() => { search_text_out = true; if (search_text_out && search_popup_out) { $('#search-popup').removeClass('show'); } }); $('#search-popup').mouseenter(() => { search_popup_out = false; }); $('#search-popup').mouseleave(() => { search_popup_out = true; if (search_text_out && search_popup_out) { $('#search-popup').removeClass('show'); } }); $('#search-text').on("keyup", delay(() => { build_popup(); }, 200)); build_popup(true); let prevbookUrl = `/search/pretype_books/`; if (is_login) { $.ajax({ url: prevbookUrl, method: 'POST', data:{csrfmiddlewaretoken: "WjyntFffwpBqkN6DZAkB5MLfulECWIVShrhuvAKqQk1z1vbCvz69rVrKNd2kEXrm"}, success: function(response){ previous_books = response.previous_books; recommended_books = response.recommended_books; build_popup(); }, error: function(response){ console.log(response); } }); } else { let prebooks = null; try { prebooks = JSON.parse(localStorage.getItem('PRETYPE_BOOKS_ANON')); }catch(e) {} if (prebooks && 'previous_books' in prebooks && 'recommended_books' in prebooks) { anon_pretype(); } else { $.ajax({ url: prevbookUrl, method: 'POST', data:{csrfmiddlewaretoken: "WjyntFffwpBqkN6DZAkB5MLfulECWIVShrhuvAKqQk1z1vbCvz69rVrKNd2kEXrm"}, success: function(response){ previous_books = response.previous_books; recommended_books = response.recommended_books; build_popup(); }, error: function(response){ console.log(response); } }); } } } $( document ).ready(pretype_setup); $( document ).ready(function(){ $('#search-popup').on('click', '.search-view-item', function(e) { e.preventDefault(); let autoCompleteSearchViewUrl = `/search/autocomplete_search_view/`; let objectUrl = $(this).attr('href'); let selectedId = $(this).data('objid'); let searchResults = []; $("#whiletyping-solutions").find("a").each(function() { let is_selected = selectedId === $(this).data('objid'); searchResults.push({ objectId: $(this).data('objid'), contentType: $(this).data('contenttype'), category: $(this).data('category'), selected: is_selected }); }); $("#whiletyping-books").find("a").each(function() { let is_selected = selectedId === $(this).data('objid'); searchResults.push({ objectId: $(this).data('objid'), contentType: $(this).data('contenttype'), category: $(this).data('category'), selected: is_selected }); }); $.ajax({ url: autoCompleteSearchViewUrl, method: 'POST', data:{ csrfmiddlewaretoken: "WjyntFffwpBqkN6DZAkB5MLfulECWIVShrhuvAKqQk1z1vbCvz69rVrKNd2kEXrm", query: $('#search-text').val(), searchObjects: JSON.stringify(searchResults) }, dataType: 'json', complete: function(data){ window.location.href = objectUrl; } }); }); });
    SOLVED: FINANCIAL TRANSACTION WORKSHEET
During March 2019, the first month of operations, various transactions took place.
a. March 1. Medina started his new business by depositing P350,000 in a bank account in the name of Medina Graphics Design at BPI Po (2024)

    FAQs

    Is a form used to analyze increases and decreases in the asset liabilities and owner's equity of a business entity? ›

    A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity. The balance sheet is one of the three core financial statements that are used to evaluate a business. It provides a snapshot of a company's finances (what it owns and owes) as of the date of publication.

    Why does a business prepare a trial balance? ›

    Trial Balance is prepared at the end of a year and is used to prepare financial statements like Profit and Loss Account or Balance Sheet. The main objective of a Trial Balance is to ensure the mathematical accuracy of the business transactions recorded in a company's ledgers.

    How to solve statement of changes in equity? ›

    The formula for obtaining the end balance on the statement of equity is: Opening Balance of Equity + Net Income - Dividends +/- Other Changes = Closing Balance of Equity.

    Does common stock increase with debit or credit? ›

    Equity accounts, like common stock or retained earnings, increase with credits and decrease with debits. This is the opposite of asset accounts. For example, when a company earns a profit, it increases Retained Earnings—a part of equity—by crediting it.

    What are the golden rules of accounting? ›

    What are the Golden Rules of Accounting? 1) Debit what comes in - credit what goes out. 2) Credit the giver and Debit the Receiver. 3) Credit all income and debit all expenses.

    What are the three main purposes of a trial balance? ›

    Purpose of a Trial Balance
    • To check the arithmetical accuracy of the transactions and the ledger accounts.
    • To determine the ledger account balances.
    • It serves as evidence that the double entry system has complied duly.
    • It facilitates the preparation of the financial statements.

    What are the two types of trial balance? ›

    There are three types of trial balance: the unadjusted trial balance, the adjusted trial balance, and the post-closing trial balance.

    What is an increase in assets or decrease in liabilities called? ›

    A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet. In fundamental accounting, debits are balanced by credits, which operate in the exact opposite direction.

    What increases in assets or decreases in liabilities that result in increases in equity? ›

    Income Increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.

    What increases assets and decreases liabilities? ›

    + + Rules of Debits and Credits: Assets are increased by debits and decreased by credits. Liabilities are increased by credits and decreased by debits. Equity accounts are increased by credits and decreased by debits.

    What is used to increase a liability or equity account and decrease an asset or expense account? ›

    A credit is an entry made on the right side of an account. Credits increase equity, liability, and revenue accounts and decrease asset and expense accounts. You must record credits and debits for each transaction.

    References

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