52. On September 1, 2021, Mr. Mario Marasigan puts up a business and brings in office equipment of P150,000 and inventory of P30,000 to it. Mr. Marasigan puts P80,000 to the entity's cash box and P100,000 into the business' bank account. The business lends P50,000 cash to MC Enterprises and borrows P300,000 from the bank to acquire a piece of land. What is the amount of the business' capital on Sept. 1, 2021? P280,000 P360,000 P260,000 O P510,000

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
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Chapter16: Accounting Periods And Methods
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O 250,000
52. On September 1, 2021, Mr. Mario Marasigan puts up a business and brings in
office equipment of P150,000 and inventory of P30,000 to it. Mr. Marasigan puts
P80,000 to the entity's cash box and P100,000 into the business' bank account.
The business lends P50,000 cash to MC Enterprises and borrows P300,000 from
the bank to acquire a piece of land. What is the amount of the business' capital
on Sept. 1, 2021?
O P280,000
O P360,000
O P260,000
P510,000
FR During 2019
000 for rent
COvering the neriod
Transcribed Image Text:O 250,000 52. On September 1, 2021, Mr. Mario Marasigan puts up a business and brings in office equipment of P150,000 and inventory of P30,000 to it. Mr. Marasigan puts P80,000 to the entity's cash box and P100,000 into the business' bank account. The business lends P50,000 cash to MC Enterprises and borrows P300,000 from the bank to acquire a piece of land. What is the amount of the business' capital on Sept. 1, 2021? O P280,000 O P360,000 O P260,000 P510,000 FR During 2019 000 for rent COvering the neriod
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