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Please answer all screenshots. Multiple Choice Cash Debit: 4,750 Credit: 3,650 Office equipment Debit: 7,500 Credit: 0 Dong, Capital Debit: 0 Credit: 5,400 Store supplies
Please answer all screenshots.
Multiple Choice Cash Debit: 4,750 Credit: 3,650 Office equipment Debit: 7,500 Credit: 0 Dong, Capital Debit: 0 Credit: 5,400 Store supplies Debit: 400 Credit: 0 Accounts payable Debit: 1,200 Credit: 4,800 How much is the liabilities? P3,600 P9,000 O P5,300 Multiple Choice is a written acknowledgement of something received as money or goods. O petty cash voucher O check official receipt Multiple Choice Is a promise or engagement in writing to pay as specified sum at a time therein limited, or on demand, or at sight, to a person therein named, or to his order, or bearer. O promissory note credit note debit note Multiple Choice are transactions or events that take place exclusively within the enterprise. external transactions special transactions O internal transactions Multiple Choice On October 1, 2002, X Co. received a 5- month note from a customer amounting to P500,000, 10% interest. Record the adjusting entry as of December 31, 200A What is the debited account? O Accrued interest receivable O Interest income O Interest receivable Multiple Choice Collected P65,000 fees for an advertising campaign of a client. The amount to be debited to cash would be: O P60,500 PO P65,000 Multiple Choice On September 1, 2002, X. Co. issued a 6-month note to a supplier amounting to P300,000, 12% interest. Also, there was an unpaid and unrecorded salary at the end of the year dated December 31, 200A amounting to P25,000. Give the adjusting entries. How much is the total accrued expenses? O P325,000 O P25,000 O P49,000 Multiple Choice is an accounting form of record in which the effect of similar business transactions are grouped or classified O Account Chart of accounts Ledger True or False The purpose of AIS is closely related to accounting O True O False Multiple Choice Mr. B borrowed money from Metrobank to be used in business. He received P498,000, net of processing fee of P2,000. The loan is payable in one year with an annual interest of 18%. Mr. B paid the loan including interest within the due date. How much is the interest to be paid within the due date? P89,460 P89,640 P89,660
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