Prepare t-accounts, trial balance, and accounting equation 

September 1 - Mr. Smith invested P500,000 cash and delivery Van valued at P400,000. 

September 2 - Paid taxes in business permit for P3,500. 

September 5 - Purchased chairs and cabinet on account for P24,500. 

September 6 - Paid office rental for the month of Sept. P12,000. 

September 9 - Paid the repair of delivery van P23,000. 

September 10 - Purchased another delivery van for P700,000 down payment, P150,000 balance to be paid in 12 equal monthly payments. 

September 13 - Purchased various office supplies for cash P3,400.

Answer rating: 100% (QA)

1 Taccounts Taccount for Cash September 1 Mr Smith invested P500000 cash Debit Cash P500000 Credit Capital Equity P500000 September 2 Paid taxes in business permit for P3500 Debit Taxes Expense P3500 ... View the full answer