Reference no: EM132942583

Question - Record the transactions directly into the T-Accounts. The transactions are independent from one another.

Use the following account titles:

Cash Owner's Withdrawals

Accounts Receivable Professional Fees

Office Equipment Salaries Expense

Office Furniture Rent Expense

Accounts Payable Utilities Expense

Owner's Equity Miscellaneous Expense

a. The owner deposited Php280,000 in the name of his business.

b. He purchased a 4-in1 equipment from Limay Equipment for Php4,950

c. He bought chairs and tables for the office for Php12,300 in cash.

d. He purchased furniture from Orion Company for Php2,750 in cash

e. He received and paid the telephone bill from Ph Telecom amounting to Php1,080