Acctg1 Quiz 3

Mr. Santos invested P 200,000 in the business, what is the debit account?

Mr. Santos invested P 200,000 in the business, What is the credit account?

Purchased Office Equipment on credit

What is the debit account?

Purchased Office Equipment on credit, What is the credit account?

Paid the account to supplier, what is the debit account?

Paid the Rent for the month, what is the debit account?

Collected payment for the service rendered, what is the credit account?

Mr. Santos withdraw P10,000, what is the debit account?

Rendered service on credit, what is the debit account?

Received payment from customer for services not yet rendered, what is the credit account?