Académique Documents
Professionnel Documents
Culture Documents
(2017)
March 1 Cash P300,000
J. Mercado Capital P300,000
To record investment
2 Purchases 114,000
Accounts Payable- Cara Trading 114,000
To record purchases on account terms 5; 5/15, n/30
3 Purchases 40,000
Cash 40,000
To record purchases
5 Cash 300,000
Sales 300,000
To record sales
7 Purchases 60,000
Accounts Payable- Heart Trading 60,000
To record purchases on account terms 5/15, n/30
- Cash 55,000
Sales 55,000
To record sales
18 Freight - in 3,500
Cash 3,500
To record transportation
24 Purchases 14,000
Accounts Payable 14,000
To record purchases on account
26 Equipment 7,000
Cash 7,000
To record purchase of equipment