ACCOUNTS PAYABLE P60,000 ACCOUNTS RECEIVABLE P10,000 BUILDING ? CASH P30,000 EQUIPMENT P70,000 ARLYN VILLANUEVA, CAPITAL ? LAND P70,000 IF THE BALANCE OF THE BUILDING ACCOUNT WAS P150,000 AND THE EQUIPMENT WAS SOLD FOR P70,000 WHAT WOULD BE THE TOTAL OF OWNER’S EQUITY? P150,000 P160,000 P270,000 P330,000
ACCOUNTS PAYABLE P60,000 ACCOUNTS RECEIVABLE P10,000 BUILDING ? CASH P30,000 EQUIPMENT P70,000 ARLYN VILLANUEVA, CAPITAL ? LAND P70,000 IF THE BALANCE OF THE BUILDING ACCOUNT WAS P150,000 AND THE EQUIPMENT WAS SOLD FOR P70,000 WHAT WOULD BE THE TOTAL OF OWNER’S EQUITY? P150,000 P160,000 P270,000 P330,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 6CDQ: Capstone Consulting Services acquired land 5 years ago for $200,000. Capstone recently signed an...
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ACCOUNTS PAYABLE P60,000
BUILDING ?
CASH P30,000
EQUIPMENT P70,000
ARLYN VILLANUEVA, CAPITAL ?
LAND P70,000
IF THE BALANCE OF THE BUILDING ACCOUNT WAS P150,000 AND THE EQUIPMENT WAS SOLD FOR P70,000 WHAT WOULD BE THE TOTAL OF OWNER’S EQUITY?
- P150,000
- P160,000
- P270,000
- P330,000
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