a. Account debitedAccountCashAmount100,0001Lacson invested P100,000 cash in thebusinessb. Account creditedLacson,100,0002CapitalRent Expense 5,000Paid PS,000 for office rent for thea. Account debitedmanth.b. Account creditedCash5,0003Purchased P1,500 of supplies ona. Account debitedaccount.b. Account crediteda. Account debitedb. Account crediteda. Account debitedb. Account creditedPaid P3,000 to advertise on the radio.5.Received P6,000 for services provided.

Name: a. Account debitedAccountCashAmount100,0001Lacson invested P100,000 c
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Description: a. Account debitedAccountCashAmount100,0001Lacson invested P100,000 cash in thebusinessb. Account creditedLacson,100,0002CapitalRent Expense 5,000Paid PS,000 for office rent for thea. Account debitedmanth.b. Account creditedCash5,0003Purchased P1,50

Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Business

Accounting

Account Amount Lacson invested P100,000 cash in the a. Account debited Cash 100,000 business b. Account credited Lacson, Capital Rent Expense 5,000 100,000 2 Paid PS,000 for office rent for the a. Account debited month b. Account credited a. Account debited Cash 5,000 Purchased P1,500 of supplies on account. b. Account credited Paid P3,000 to advertise on the radio, a. Account debited b. Account credited

Account Amount Lacson invested P100,000 cash in the a. Account debited Cash 100,000 business b. Account credited Lacson, Capital Rent Expense 5,000 100,000 2 Paid PS,000 for office rent for the a. Account debited month b. Account credited a. Account debited Cash 5,000 Purchased P1,500 of supplies on account. b. Account credited Paid P3,000 to advertise on the radio, a. Account debited b. Account credited

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 67.2C

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