Question
Please record all transactions in appropriate T-accounts. 1. Company Philmex purchased another company Movem Ltc with assets 40 000 and liabilities 46 000. The payment
Please record all transactions in appropriate T-accounts.
1. Company Philmex purchased another company Movem Ltc with assets 40 000 and liabilities 46 000. The payment was made in cash in the amount of 16 000.
2. Company Philmex paid real estate tax of 3 200 which accrued in November.
3. Company Philmex made an agreement with a construction company to build an office building. Value of contract 40 000. In December 4 000 was paid as a deposit for the builder.
4. Company Philmex paid for rent of an office building for first quarter of 2020, 2 200 per month, via bank money transfer.
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