1. The owner bought machinery and equipment costing P15,000 by paying P10,000
from the business funds and issuing a promissory note for the balance.
Analysis:
Increase in Asset Machinery and Equipment P15,000
Increase in Asset Cash P10,000
Increase in Liability Notes Payable P5,000
Answer:
Can you specify what answer you are looking for? I don’t understand the later half.
I may try to help.
![1. The Owner Bought Machinery And Equipment Costing P15,000 By P… 1. The Owner Bought Machinery And Equipment Costing P15,000 By P…](https://i2.wp.com/img.dokumen.tips/img/1200x630/reader016/html5/0601/5b1167b9c5538/5b1167ba6dab6.png?t=1593438015)
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