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hi MARS COMPANY HAS CASH OF P600,000 AS INVESTMENT OF WHICH P50,000 FURNITURE WAS PURCHASED PAYING CASH AND 20,000 OFFICE SUPPLIES WAS ALSO PURCHASED BUT
hi
MARS COMPANY HAS CASH OF P600,000 AS INVESTMENT OF WHICH P50,000 FURNITURE WAS PURCHASED PAYING CASH AND 20,000 OFFICE SUPPLIES WAS ALSO PURCHASED BUT ON ACCOUNT. REVENUES EARNED AMOUNTS TO PTO,000 RECEIVED IN CASH AND EXPENSES ALL ON ACCOUNT IS P15,000. PREPARE THE JOURNAL ENTRY, THE LEDGER AND THE TRIAL BALANCEStep by Step Solution
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