Account Amount Lacson invested P100,000 cash in the business a Account debited Cash 100,000 b. Account credited Lacson Capital Rent Expense 5,000 100,000 Paid PS,000 for office rent for the month 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 Received P6,000 for services provided.a Account debited b. Account credited a Account debited b. Account credited a. Account debited 4. Paid P3,000 to advertise on the radio. 5. 6. Withdrew PB,000 for personal use. 7. Performed P7,000 of services on account. b. Account credited Account debited b. Account credited Paid PS,000 for employee salaries
Account Amount Lacson invested P100,000 cash in the business a Account debited Cash 100,000 b. Account credited Lacson Capital Rent Expense 5,000 100,000 Paid PS,000 for office rent for the month 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 Received P6,000 for services provided.a Account debited b. Account credited a Account debited b. Account credited a. Account debited 4. Paid P3,000 to advertise on the radio. 5. 6. Withdrew PB,000 for personal use. 7. Performed P7,000 of services on account. b. Account credited Account debited b. Account credited Paid PS,000 for employee salaries
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
![Account
a. Account debited
Amount
100,000
1
Lacson invested P100,000 cash in the
Cash
business
b. Account credited
Lacson,
100,000
Capital
Rent Expense 5,000
Paid PS,000 for office rent for the
a. Account debited
month.
b. Account credited
Cash
5,000
3
Purchased P1,500 of supplies on
a. Account debited
account.
b. Account credited
a. Account debited
b. Account credited
Received P6,000 for services provided. a. Account debited
b. Account credited
a. Account debited
Paid P3,000 to advertise on the radio.
5.
6.
Withdrew P8,000 for personal use.
b. Account credited
7.
Performed P7,000 of services on
a. Account debited
account.
b. Account credited
a. Account debited
b. Account credited
a. Account debited
b. Account credited
a. Account debited
Paid PS,000 for employee salaries.
Paid for supplies purchased in No.3
10. Received cash payment of P3,000 for
services provided on account in No. 7
b. Account credited
9,](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F151ee776-b847-4a38-a97a-1ec01f42e22c%2F2068653d-533d-453b-8e8d-f787732f65cc%2F37gha2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Account
a. Account debited
Amount
100,000
1
Lacson invested P100,000 cash in the
Cash
business
b. Account credited
Lacson,
100,000
Capital
Rent Expense 5,000
Paid PS,000 for office rent for the
a. Account debited
month.
b. Account credited
Cash
5,000
3
Purchased P1,500 of supplies on
a. Account debited
account.
b. Account credited
a. Account debited
b. Account credited
Received P6,000 for services provided. a. Account debited
b. Account credited
a. Account debited
Paid P3,000 to advertise on the radio.
5.
6.
Withdrew P8,000 for personal use.
b. Account credited
7.
Performed P7,000 of services on
a. Account debited
account.
b. Account credited
a. Account debited
b. Account credited
a. Account debited
b. Account credited
a. Account debited
Paid PS,000 for employee salaries.
Paid for supplies purchased in No.3
10. Received cash payment of P3,000 for
services provided on account in No. 7
b. Account credited
9,
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