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e journal. 1. Lohan Company had the following account balances as of June 30. Cash P29,000 Equipment Accounts Payable T. Lohan, Capital T. Lohan, Drawing Income from Services P35,000 P15,000 P2,800 P62,700 P5,000 Rent Expense Salaries Expense P12,000 P8,000 What is the debit balance of the trial balance? P141,700

e journal. 1. Lohan Company had the following account balances as of June 30. Cash P29,000 Equipment Accounts Payable T. Lohan, Capital T. Lohan, Drawing Income from Services P35,000 P15,000 P2,800 P62,700 P5,000 Rent Expense Salaries Expense P12,000 P8,000 What is the debit balance of the trial balance? P141,700

FINANCIAL ACCOUNTING
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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ding journal entries? 11. Lohan Company had the following account balances as of June 30. e accountant C. The debit part of the entry is recorded last. Peso signs are always recorded in the journal. recorded first. count is always indented underneath the debit entry. d. Cash P29,000 Equipment Accounts Payable T. Lohan, Capital T. Lohan, Drawing Income from Services P35,000 P15,000 P2,800 P62,700 P5,000 Rent Expense Salaries Expense P12,000 P8,000 What is the debit balance of the trial balance? record a. P141,700 b. P136,700 C. P64,000 d. P69,000 12. Munoz Company had the following account balances as of December 31. P15,000 P7,000 4,200 Cash Equipment Arcountr Pavah
Transcribed Image Text:ding journal entries? 11. Lohan Company had the following account balances as of June 30. e accountant C. The debit part of the entry is recorded last. Peso signs are always recorded in the journal. recorded first. count is always indented underneath the debit entry. d. Cash P29,000 Equipment Accounts Payable T. Lohan, Capital T. Lohan, Drawing Income from Services P35,000 P15,000 P2,800 P62,700 P5,000 Rent Expense Salaries Expense P12,000 P8,000 What is the debit balance of the trial balance? record a. P141,700 b. P136,700 C. P64,000 d. P69,000 12. Munoz Company had the following account balances as of December 31. P15,000 P7,000 4,200 Cash Equipment Arcountr Pavah
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