January 1: Started business with cash P95,000
What is the journal entry in debit side?
Midterm Quiz III Fundamentals of Accounting 1
University
•20 Qs
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Midterm Quiz III Fundamentals of Accounting 1
Quiz
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Adoptante, O.
Used 5+ times
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20 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
1 min • 2 pts
2.
FILL IN THE BLANK QUESTION
1 min • 2 pts
January 1: Started business with cash P95,000
What is the journal entry in credit side?
3.
FILL IN THE BLANK QUESTION
1 min • 2 pts
January 2: Furniture purchased for cash to be used in business P8,000
What is the journal entry in debit side?
4.
FILL IN THE BLANK QUESTION
1 min • 2 pts
January 2: Furniture purchased for cash to be used in business P8,000
What is the journal entry in credit side?
5.
FILL IN THE BLANK QUESTION
1 min • 2 pts
January 3: Purchased goods for cash P40,000
What is the journal entry in debit side?
6.
FILL IN THE BLANK QUESTION
1 min • 2 pts
January 3: Purchased goods for cash P40,000
What is the journal entry in credit side?
7.
FILL IN THE BLANK QUESTION
1 min • 2 pts
January 4: Purchased goods on credit from Big Traders P57,000
What is the journal entry in debit side?
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