. He paid the monthly rent of the office, Php9,500. a. Debit cash, Credit J. Ilagan, Capital b. Debit rent expense, Credit Cash c. Debit J. Ilagan, drawings, Credit Cash d. none of the above

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 35E: Jarem Company showed 189,000 in prepaid rent on December 31, 20X1. On December 31, 20X2, the balance...
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10. He paid the monthly rent of the office, Php9,500.

a. Debit cash, Credit J. Ilagan, Capital
b. Debit rent expense, Credit Cash
c. Debit J. Ilagan, drawings, Credit Cash
d. none of the above

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