Journal Entry: Debit or Credit the following

1. The Owner invested USD 10,000 in the Company

2. The company borrowed USD 20,000 from the bank

3. The company bought a new machine for USD 15,000 and paid in cash

4. The company purchased USD 10,000 worth of Raw materials on credit

5. The company paid in advance USD 3,500 salaries in cash

6. The company paid its rent in cash for USD 2,000 in advance

The Owner invested PHP 10,000 in the Company The company borrowed PHP 20,000 from the bank The company bought a new machine for PHP 15,000 and paid in cash The company purchased PHP 10,000 worth of Raw materials on credit The company paid in advance PHP 3,500 salaries in cash The company paid its rent in cash for PHP 2,000 in advance