A service enterprise's working capital at the beginning of January was P70,000. The following transactions occurred during January: Performed services on account P30,000 Purchased supplies on account 5,000 Consumed supplies 4,000 Purchased office equipment for cash 2,000 Paid short-term bank loan 6,500 Paid salaries 10,000 Accrued salaries 3,500 What is the amount of working capital at the end of January?

A service enterprise's working capital at the beginning of January was P70,000. The following transactions occurred during January: Performed services on account P30,000 Purchased supplies on account 5,000 Consumed supplies 4,000 Purchased office equipment for cash 2,000 Paid short-term bank loan 6,500 Paid salaries 10,000 Accrued salaries 3,500 What is the amount of working capital at the end of January?

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 10DQ

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