Determine what ACCOUNT TITLE and group according to MAJOR ACCOUNT. Fill in the chart. Mr. Juan purchased table napkins worth P2,000 to be used in his barbecue operations. The customer with the P5,000...

Determine
what ACCOUNT TITLE and group according to MAJOR ACCOUNT.  Fill in the chart.

1.  Mr. Juan purchased table napkins worth P2,000 to be used in his  barbecue operations.


2. The customer with the P5,000 account receivable is broke you have estimated that you can only collect P4,200 from him.


3. He hired a helper in his barbecue business. The employee earns compensation of P8,000.


4. The cost of the barbecue that was sold for P5,000 is P3,000.


5. He paid Val Santos Matubang P5,000 to endorse the product.