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pa classify naman po bawat account title if debit ba siya or credit B. Using the answer sheet provided for, state the accounts and the

pa classify naman po bawat account title if debit ba siya or credit

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B. Using the answer sheet provided for, state the accounts and the amounts to be debited and credited. (60 points) 1. T. Cruz invested P100,000 in a motor repair shop 2. Purchased repair supplies for cash, P12,500, 3. Purchased repair supplies from L. Guillen on credit, P23,000. LLEGE 4. Completed repair work to V Serna on credit, P13,000 5. Completed repair work for a client and collected P15,000. 6. Paid the amount owed to L. Guillen. 7. T. Received P3,000 from V. Serna as partial payment of the account due from him. KO 8. Paid for gas and oil placed in the service car, P550. 9. Purchased additional repair supplies P670 cash. 10. Completed repair work for A. Martinez on credit, P9,800. he contents of these 1 1. Paid the salary of the shop assistant, P2,500. 12. Paid P3,000 for the shop space. materials are 13. Withdrew P5,000 cash for personal use. for BPC 14. Collected the account due from A. Martinez. use only. 15. Received in full the account due from V. Serna

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