Answered: J. Ilagan invested Php150,000 in a real…

J. Ilagan invested Php150,000 in a real estate agency. A.Debit land, Credit cash B.Debit cash, Credit J. Ilagan, Capital C.Debit land, Credit Accounts Payable D.None of the above

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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1. J. Ilagan invested Php150,000 in a real estate agency.

A.Debit land, Credit cash

B.Debit cash, Credit J. Ilagan, Capital

C.Debit land, Credit Accounts Payable

D.None of the above

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