The sole proprietor flew to Japan on a business trip. The cost of the round trip ticket was P5,300 on account. The entry to record the transaction is:

Debit Travel Expense, P5,300; credit Cash, P5,300 O Debit Capital, P5,300; credit Accounts Payable, P5,300 Debit Accounts Payable, P5,300; credit Travel Expense, P5,300 O Debit Travel Expense, P5,300; credit Accounts Payable, P5,300