Directions: Determine what ACCOUNT TITLE and group according to MAJOR ACCOUNT. Fill in the chart. (see lecture below)
1. He purchased table napkins worth ₱200 to be used in your barbecue operations.
2. The customer with the ₱500 account receivable is broke you have estimated that p
you can only collect
₱420 from him.
3. He hired a helper in a barbecue business. The employee earns compensation of
₱8,000.
4. The cost of barbecue that was sold for ₱500 is ₱300.
5. He paid Justin Bieber ₱5,000, 000 to endorse the product.
6. On your total account receivable of ₱500, you expect to collect only about ₱480.
7. The barbeque grill was stolen.
8. He received an order of barbecue worth ₱800. The customer paid the sale price
but instructed you to deliver the barbecue next week
9. He made a temporary withdrawal of ₱200 from your barbecue business.
10. He expects to use the barbecue grill for 5 years.