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Summarized account in the form of T-Account

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Question - Summarized account in the form of T-Account.

- Ms. Cruz, a proprietor, invested Php. 500,000.00 cash into the business by opening an account under the name of the business.

- Ms. Smith's business encashed a 50,000.00 check to be used for operations for possible purchases. Then, a furniture and fixture worth Php 20,000.00 were purchased on credit from supplier.

- Ms. Smith withdrew Php 3,000.00 cash on hand equipment worth 4,000.00 for his personal use.

Reference no: EM133172872

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