Albert Patac bought and invested Coffee Vending Machine worth P35, 000.00. Debit, machine; credit, ____.
A. Cash, P35, 000.00
B. Patac, capital, P35,000.00
C. Asset, P35, 000.00
D. Expenses, P35, 000.00
Answer:B
Albert Patac bought and invested Coffee Vending Machine worth P35, 000.00. Debit, machine; credit, ____.
A. Cash, P35, 000.00 B. Patac, capital, P35,000.00 C. Asset, P35, 000.00 D. Expenses, P35, 000.00