Record the following transactions in their corresponding T. Account using the correct account titile: 1. Paid the salaries of employees P10,000.00 2. The owners withdraw P5,000.00 for personal expense 3. Sold tables on account Pa,000.00 4. Purchase equipment P10,000.00 cash 5. Received cash as sales of goods P5,000.00

Record the following transactions in their corresponding T. Account using the correct account titile: 1. Paid the salaries of employees P10,000.00 2. The owners withdraw P5,000.00 for personal expense 3. Sold tables on account Pa,000.00 4. Purchase equipment P10,000.00 cash 5. Received cash as sales of goods P5,000.00

Name: Record the following transactions in their corresponding T- Account u
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Description: Record the following transactions in their corresponding T- Account using thecorrect account title:1. Paid the salaries af employees P10,000.002. The owners withdraw P5,000.00 for personal expense3. Sold tables on account P8,000.004. Purchase equipm

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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