Record the transactions directly into the T-accounts. The transactions are independent from one another. 1. The owner deposited P280,000 in the name of his business. 2. He purchased a 4-in-1 equipment from 4-way Equipment for P4,950, paying P1,000 in cash and the balance on account. 3. He received and paid the telephone bill from Ph Telecom amounting to P1,080. 4. He billed his customers P12,940 for services on account 5. He paid P1,850 the electric bill from BEBECO. 6. He paid P3,500 for the membership fee. 7. He received P17,650 in cash for services rendered. 8. He paid P1,000 to partially settle accounts with Orion Company. 9. He paid P8,400 for the monthly rental of the place. 10. He paid P3,500 for the salaries of employees.
Record the transactions directly into the T-accounts. The transactions are
independent from one another.
1. The owner deposited P280,000 in the name of his business.
2. He purchased a 4-in-1 equipment from 4-way Equipment for P4,950, paying P1,000
in cash and the balance on account.
3. He received and paid the telephone bill from Ph Telecom amounting to P1,080.
4. He billed his customers P12,940 for services on account
5. He paid P1,850 the electric bill from BEBECO.
6. He paid P3,500 for the membership fee.
7. He received P17,650 in cash for services rendered.
8. He paid P1,000 to partially settle accounts with Orion Company.
9. He paid P8,400 for the monthly rental of the place.
10. He paid P3,500 for the salaries of employees.
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