be credited with their corresponding amount. Complete the table below. Directions: For each transaction, state the accounts to be debited and accounts ↑ to write your anşwers on a separate sheet of...


State the accounts to be debited and accounts to be credited


be credited with their corresponding amount. Complete the table below.<br>Directions: For each transaction, state the accounts to be debited and accounts ↑<br>to<br>write your anşwers on a separate sheet of paper.<br>De bit<br>Credit<br>Amount<br>1<br>2<br>3<br>4<br>6.<br>7<br>8<br>10<br>Romeo Masigasig is an event planner. The transactions that he had in his<br>business were:<br>1. He invested P110,000 in cash to start his own business.<br>2. He paid P5,100 monthly rent.<br>3. He bought furniture for the office for P15,000 cash.<br>4. He paid for the laptop computer worth P54,000.<br>5. He performed services for P12,000 in cash.<br>6. He performed services for P10,800 on credit.<br>7. He bought a fax machine for P7,500.<br>8. He received P5,400 from clients on account.<br>9. He paid P10,000 for salaries.<br>10. He withdrew P4,500 cash for personal use.<br>

Extracted text: be credited with their corresponding amount. Complete the table below. Directions: For each transaction, state the accounts to be debited and accounts ↑ to write your anşwers on a separate sheet of paper. De bit Credit Amount 1 2 3 4 6. 7 8 10 Romeo Masigasig is an event planner. The transactions that he had in his business were: 1. He invested P110,000 in cash to start his own business. 2. He paid P5,100 monthly rent. 3. He bought furniture for the office for P15,000 cash. 4. He paid for the laptop computer worth P54,000. 5. He performed services for P12,000 in cash. 6. He performed services for P10,800 on credit. 7. He bought a fax machine for P7,500. 8. He received P5,400 from clients on account. 9. He paid P10,000 for salaries. 10. He withdrew P4,500 cash for personal use.

Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here