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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13RE: Kaseys Cake Shop made 20,000 in sales of wedding cakes in July. All of these sales were on bank...

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