Enrichment Activity Since it was already discussed the theory of debit and credit in the use of a T account and the effect on assets, liabilities, capital, income, and expenses, record the following transactions in their corresponding T account by answering the remaining transactions Number 1-3 is already done for you. Use 1 whole sheet of paper. 4. Rendered services to Lao Ay on account P3,000.00. 5. The owner withdraws P4,000.00 for his personal use. 6. Received P20,000.00 cash from the customer for services rendered. 7. Paid electricity bill P10,000.00

Enrichment Activity Since it was already discussed the theory of debit and credit in the use of a T account and the effect on assets, liabilities, capital, income, and expenses, record the following transactions in their corresponding T account by answering the remaining transactions Number 1-3 is already done for you. Use 1 whole sheet of paper. 4. Rendered services to Lao Ay on account P3,000.00. 5. The owner withdraws P4,000.00 for his personal use. 6. Received P20,000.00 cash from the customer for services rendered. 7. Paid electricity bill P10,000.00

Name: Enrichment ActivitySince it was already discussed the theory of debit
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Description: Enrichment ActivitySince it was already discussed the theory of debit and credit in the use of a Taccount and the effect on assets, liabilities, capital, income, and expenses, record thefollowing transactions in their corresponding T account by answ

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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