Instruction: On the space provided, place the computed new balance of the following accounts (Consider each item separately) Original Balance New Balance Sample: Cash in Bank account was credited by P10,000. 1. Accounts Receivable was debited by P5,000 2. Accounts Payable was debited by P8,000 3. Sales was credited by P100,000 P100,000 P 90,000 P 25,000 P 11,000 P 150,000 4. Purchases was credited by P20,000 P 70,000 5. Freight-In was credited by P3,000 P 10,000 6. Sales Returns & Allowances was credited by P5,000 P 15,000 7. Cash on Hand was debited by P4,000 P 20,000 8. Rent Expense was debited by P4,000 P 13,000 9. Sales Discounts was credited by P7,000 P 12,000 10. Freight Out was credited by P2,000 P 14,000 11. Purchase Returns & Allowances was debited by P4,000 P 7,000 12. Purchase Discounts was debited by P5,000 13. Prepaid Insurance was credited by P6,000 14. Service Income was credited by P20,000 15. Notes Payable was credited by P15,000 P 6,000 P 18,000 P 25,000 P 20,000