ILLUSTRATION:

DEBIT AND CREDIT

AMDG
 The following are the
transactions of A. Austria,
owner of “AA Computer
Shop” for the month of
December 2018.
AMDG
1. A. Austria invested
cash P 50,000 and
computers P 200,000

AMDG
2. Purchased
supplies for cash, P
3,500

AMDG
 3. Purchased
computer tables on
credit from Ace
Furniture, P 45,000

AMDG
4. Received P 22,000
from various
customers for
computer rental
services rendered.

AMDG
5. Sent a bill to M. Balid
for computer services
rendered P 3,750

AMDG
 6. Paid Ace Furniture
the full amount

AMDG
7. Received P2,000
from M. Balid as partial
payment of her
account.

AMDG
8. Withdrew P5,500 for
personal use.

AMDG
 9. Paid the helper’s
wages P10,000

AMDG
 10. Received P1,900
from J. Koronel for
computer services
rendered.

AMDG