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4G 3G Ill Mil 4:44 8.10 KB/S f $1 2 429 Edit MPS 6 X Name: Regular Time: Learning Activity 2.1: Direction: Indicate in the columns below the increases and decreases in each account by placing a check in the appropriate column: (15 points) Debit Credit 1.) Capital is increased 2.) Accounts payable is decreased 3.) Income is increased 4.) Rent expense is increased 5.) Accounts Receivables is decreased 6.) Furniture & Equipment is increased 7.) Salaries & Wages is increased 8.) Cash is increased 9.) Cash is decreased 10.) Accounts receivable is increased 11.) Accounts payable is increased 12.) Office supplies is increased 13.) Transportation expenses is increased 14.) Office equipment is increased 15.) Capital is decreased (through withdrawal) Learning Activity: 2.2 Instruction: Record the following transactions in T-Accounts and total the debit and credit columns. For those having one entry just double rule. (========= ) July 1- Mr. Silva invested in his laundry service business, P850,000, 2- Paid office rent for the month , P10,000. 3- Received cash for laundry services rendered, P50,000. 15- Paid salaries of employees, P25,000. 17- Bought equipment on account form Vision Company, P35,000. 20- Bought supplies on account from Felcris Trading, P15,000, 21- Paid Vision Company partial, P20,000. 25- Rendered laundry services on account to Mrs. Solis, P30,000, 28-Paid Felcris Trading in full of account. 30- Collected from Mrs. Solis in full of her accounts. Tools Mobile View Share