purchases were completed during March March 2- Bought merchandising from Levi Company with a list price P18,000 Terms COD with a 10% trade discount exclusive of reight of P1,2-which was also paid. 3-Returned defective merchandise to Levi Company P 1,500 and was given a cash refund 5- Purchase merchandise from Cortan Traders, P10,000 terms 2/10.n/30 and paid freight of P500. 7-A credit memo was received from Cortan

On May 1, Boyz Security Services rented office space and paid two month's rent in advance in the amount of P8,000. The entry would be * debit to prepaid rent, P8,000; credit to cash, P8,000. debit to expenses rent, P8,000; credit to cash, P8,000. debit to prepaid rent, P8,000; credit to accounts payable, P8,000. debit to expenses rent, P8.000; credit to accounts payable, P8,000. Helenita Ruiz invested P240,000 in the business. The transaction resulted to * cash increase; capital increase. cash increase; liability increase. cash increase; assets decrease. cash increase; liability decrease.

how to fill in general journal

- can you give me scope, objective, accounting issues, measurement, disclosures about The IFRS for SMEs Standard.