1. The Owner Bought Machinery And Equipment Costing P15,000 By P…

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.

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