Edgar Detoya, tax consultant, began his pračtice un he firm are as follows: Detoya invested P150,000 in the firm. Paid rent for December to Recoletos Realty, P8,000. Purchased supplies on account, P7,200. Acquired P75,000 of office equipment, paying P37,000 down with the balance due in 30 days. Paid P7,200 on account for supplies purchased. Paid assistant's salaries for two weeks, P6,000. Performed consulting services for cash, P20,000. Paid assistant's salaries for two weeks, P6,000. Rillod clionts for Docombor.consulting services PA8 000 Dec. 1 2 2 3 8 14 20 28 30
Edgar Detoya, tax consultant, began his pračtice un he firm are as follows: Detoya invested P150,000 in the firm. Paid rent for December to Recoletos Realty, P8,000. Purchased supplies on account, P7,200. Acquired P75,000 of office equipment, paying P37,000 down with the balance due in 30 days. Paid P7,200 on account for supplies purchased. Paid assistant's salaries for two weeks, P6,000. Performed consulting services for cash, P20,000. Paid assistant's salaries for two weeks, P6,000. Rillod clionts for Docombor.consulting services PA8 000 Dec. 1 2 2 3 8 14 20 28 30
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 3PB: P. Schwartz, Attorney at Law, opened his office on October 1. The account headings are presented...
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