FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following are accounts taken from the books of accounts of A Store. then, using the template below, identify the accounts if they are debits or credits.
A, Capital
P 371,000
Accounts Payable
Notes Receivable
5,000
P 50,000
Land
150,000
80,000
Supples Expense
Accrued Salary Payable
Cash
8,000
Furniture
Discounts on notes receivable
Doubtful Accounts Expense
8,000
7,000
30,000
60,000
3,000
Accounts Receivable
40,000
Cash overdraft
Prepaid supples
Accum Depreciation-Furniture
Sakary Experse
|Utlity Expense
Tekephone Expense
Allow. For Doubtful Accounts
2,000
3,200
6,000
Interest Expense
Rent Expense
A, Drawing
60,000
1,500
4,800
2,500
Postage Expense
Gain on sak of equipment
12,000
1,000
9,000
4,000
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Transcribed Image Text:A, Capital P 371,000 Accounts Payable Notes Receivable 5,000 P 50,000 Land 150,000 80,000 Supples Expense Accrued Salary Payable Cash 8,000 Furniture Discounts on notes receivable Doubtful Accounts Expense 8,000 7,000 30,000 60,000 3,000 Accounts Receivable 40,000 Cash overdraft Prepaid supples Accum Depreciation-Furniture Sakary Experse |Utlity Expense Tekephone Expense Allow. For Doubtful Accounts 2,000 3,200 6,000 Interest Expense Rent Expense A, Drawing 60,000 1,500 4,800 2,500 Postage Expense Gain on sak of equipment 12,000 1,000 9,000 4,000
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