Activity 1: The following are the business transactions of Gandang Ganda Lang Parlor Shop owned by Beauty Siya, a sole proprietor. Analyze the transaction by identifying the value received and value parted with, indicate also the amount. Use the following account titles: Asset Account: Cash, Notes Receivable, Parlor Equipment, Furnitures & Fixtures; Liability Account: Accounts Payable; Capital Account: Beauty Slya, Capital; Income Account: Beauty Service Income; Expense Account: Taxes & Licenses, Insurance Expense, Parlor Supplies Expense, Salaries Expense, Utilities Expense and Rent Expense. Write your answer in a 1 whole sheet of paper using the format below. Date Value Received 2015 are as followe Value Parted With
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