a. Account debitedAccountCashAmount100,000Lacson invested P100,000 cash in thebusinessb. Account creditedLacson,100,0002CapitalRent Expense 5,000Paid PS,000 for office rent for thea. Account debitedmanth.b. Account creditedCash5,0003Purchased P1,500 of supplies ona. Account debitedaccount.b. Account crediteda. Account debitedb. Account creditedReceived P6,000 for services provided. a. Account debitedb. Account crediteda. Account debitedb. Account creditedPaid P3,000 to advertise on the radio.5.6.Withdrew P8,000 for personal use.

Name: a. Account debitedAccountCashAmount100,000Lacson invested P100,000 ca
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Description: a. Account debitedAccountCashAmount100,000Lacson invested P100,000 cash in thebusinessb. Account creditedLacson,100,0002CapitalRent Expense 5,000Paid PS,000 for office rent for thea. Account debitedmanth.b. Account creditedCash5,0003Purchased P1,500

Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Business

Accounting

Account Amount Lacson invested P100,000 cash in the a. Account debited Cash 100,000 business b. Account credited Lacson, 100,000 Capital Rent Expense 5,000 Paid PS,000 for office rent for the month. 2 a. Account debited b. Account credited a Account debited Cash 5,000 Purchased P1,500 of supplies on account b. Account credited a. Account debited b. Account credited a Account debited Paid P3,000 to advertise on the radio. Received P6,000 for services provided.

Account Amount Lacson invested P100,000 cash in the a. Account debited Cash 100,000 business b. Account credited Lacson, 100,000 Capital Rent Expense 5,000 Paid PS,000 for office rent for the month. 2 a. Account debited b. Account credited a Account debited Cash 5,000 Purchased P1,500 of supplies on account b. Account credited a. Account debited b. Account credited a Account debited Paid P3,000 to advertise on the radio. Received P6,000 for services provided.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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