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QUESTION: A. Identification of accounts. The following are accounts taken from the books of accounts of A Store. then, using the template below, identify the
QUESTION: A. Identification of accounts. The following are accounts taken from the books of accounts of A Store. then, using the template below, identify the accounts if they are debits or credits.
B. Using the table below, classify the accounts as to whether they are debit or credit.
A, Capital Land Supplies Expense Accrued Salary Payable Cash Accounts Receivable Accum. Depreciation Furniture Salary Expense Utility Expense Telephone Expense Allow. For Doubtful Accounts P371,000 150,000 5,000 8,000 30,000 40,000 6,000 60,000 1,500 2,500 4,000 | P 50,000 80,000 8,000 7,000 60,000 3,000 Accounts Payable Notes Receivable Discounts on notes receivable Doubtful Accounts Expense Furniture Cash overdraft Prepaid supplies Interest Expense | Rent Expense A, Drawing Postage Expense Gam on sale of equipment 2.000 3,200 4,800 12,000 1.000 9,000 ACCOUNT TITLES ACCOUNT TITLES DEBIT P CREDIT P TOTAL DEBITS P TOTAL CREDITS PStep by Step Solution
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