What is the balance of this transaction in a financial transaction worksheet???

Question

Laarni Pascua, a veteran photographer,opened a studio for her professional practice on July 1.

a. deposited P146,200 in a bank account in the name of the business,Pascua photo profiles.

b. Bought new photography equipment on account from canon equipment, P71,210.

c. invested personal photography equipment into the business, P51,620.

d.paid office rent for the month, P5,500.

e.bought photography supplies for cash, P7960.

f.paid premium for insurance cover on photography equipment, P1240

g.recieved P8960 as professional fees for services renderred.

h.paid salary of part-time assistant P6000.

i.recieved & paid bill for telephone service, P640.

j.paid canon equipment part of the amount owed on the purchase of photography equipment, P4200.

k.recieved P15480 as professional fees for services rendered.

L.paid for minor repairs to photography equipment P760.

m. Pascua withdrew cash for personal use, P9600.

tnx!!

Answer 1

Bank balance will be £186360.

146200

+51620

-5500

-7960

-1240

+8960

-6000

-640

-4200

+15480

-760

-9600

Check my figures because i calculated in a rush! But the additions and subtractions are correct. I have completed an A-Level in accounting this year, and this is basic stuff i should know (i'm not being offensive, just telling you that you can trust my answer!)

Answer 2

at the end balance will be 1,34,740/-