Promissory Notes and Discounting - Assignment for BSA1A

 Assignment - BSA1A

Journalize the following transactions that took place during November for EBD's Firm.
1 - Bought an equipment with a fair market value of P300,000 from Mix Co. EBD will assume the mortgage of P50,000.
3 - The owner invested P500,000 cash. 50% was immediately deposited with the bank.
4 - Bought 4 computers for P100,000 issuing a 20-day, 12% promissory note to Cyber Inc. Paid P1000 for the freight.

To my BSA1A - Solve This Problem

BSA1A,
         I know you have attended the Sunday Mass and you are now ready to study. Work on your assignment as follows:

PROBLEM:

For My BSA 1A Class Here Are The Topics For Discussion

Be Advised: Topics for discussion on July 19, 2010 are as follows:

Investment of owner
           1. Cash  
           2.  Non-Cash Asset
           3. Existing business
Withdrawal by owner
           1. Cash
           2. Non-Cash Asset
Cash on Hand/Cash in Bank
Purchase of Property
Sale of Property

KUDOS Batch 2010

     The graduating Batch 2010 has something to be proud of! It is the batch with the most number of graduates with Latin honors. I'm sure the students will be very happy upon learning  that their grades qualify them for such honors, and more than anybody else, their parents will be very proud of them.

     Receiving a diploma representing a bachelor degree in college is more than enough for  parents to rejoice.  Learning that a son or daughter will graduate with honors  give additional reason for parents to celebrate because it  represents initial returns on their investment.

A Week Of Drained Energy

      Last week was really a toxic one. Many students came to my office to ask for their grades. They wanted to know whether they passed or failed. If they pass, they will prepare for graduation and enroll in a review school to prepare for the board exam. If they fail, they will petition for opening of same subjects this coming summer.

Looking Back At My Toxic Week

     It's a toxic week really! Grad school requirements, case studies, exams... Admin jobs at UE Caloocan, whew! At least medyo nabawasan na as of this week. This coming week we will have our Departmental exams, followed by submission of final grades. Well, it never ends. But this coming Holy Week, perhaps I will find time to rest and relax. I can't wait. =)