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What is the credit,debit and folio MARCH 2 - Paid the rent on the shop space for the month, P4,500. 5 - Purchased shop supplies for cash, P16,700. 7 - Paid P6,500 for newspaper advertising. 8 - Purchased a filing cabinet from T. Agbayani Trading on credit P34,500. 9 - Purchased a truck, P150,000 on credit. Gave P30,000 cash and a note for the balance. 13- Completed repair work for A. Tantay, P1,500. Accepted P500 cash and a promissory note for the balance. 19- Paid T. Agbayani Trading. 25 - Received payment from A. Tantay. 26 - Paid Utility bills, P750. 30 - Paid the helper's salary, P5,000

What is the credit,debit and folio MARCH 2 - Paid the rent on the shop space for the month, P4,500. 5 - Purchased shop supplies for cash, P16,700. 7 - Paid P6,500 for newspaper advertising. 8 - Purchased a filing cabinet from T. Agbayani Trading on credit P34,500. 9 - Purchased a truck, P150,000 on credit. Gave P30,000 cash and a note for the balance. 13- Completed repair work for A. Tantay, P1,500. Accepted P500 cash and a promissory note for the balance. 19- Paid T. Agbayani Trading. 25 - Received payment from A. Tantay. 26 - Paid Utility bills, P750. 30 - Paid the helper's salary, P5,000

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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What is the credit,debit and folio MARCH 2 - Paid the rent on the shop space for the month, P4,500. 5 - Purchased shop supplies for cash, P16,700. 7 - Paid P6,500 for newspaper advertising. 8 - Purchased a filing cabinet from T. Agbayani Trading on credit P34,500. 9 - Purchased a truck, P150,000 on credit. Gave P30,000 cash and a note for the balance. 13- Completed repair work for A. Tantay, P1,500. Accepted P500 cash and a promissory note for the balance. 19- Paid T. Agbayani Trading. 25 - Received payment from A. Tantay. 26 - Paid Utility bills, P750. 30 - Paid the helper's salary, P5,000.
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