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Bridgerton invested P 200, 000 cash and equipment worth P 100, 000. Also P 50, 0000 worth of payable is to be assumed  by the business. How much is the total Owner's equity? P 300, 000 P 350, 000 P 250, 000 P 200, 000

Bridgerton invested P 200, 000 cash and equipment worth P 100, 000. Also P 50, 0000 worth of payable is to be assumed  by the business. How much is the total Owner's equity? P 300, 000 P 350, 000 P 250, 000 P 200, 000

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 4QY: R. Nelson invests his personal computer, with a fair market value of 2,500, in the business. How...
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 Bridgerton invested P 200, 000 cash and equipment worth P 100, 000. Also P 50, 0000 worth of payable is to be assumed  by the business. How much is the total Owner's equity?
  • P 300, 000
  • P 350, 000
  • P 250, 000
  • P 200, 000
     
     Bridgerton, owner of  UR highness Laundry Shop purchased P 10, 000 worth of detergent to Sab Bonin Company on account. What  will be the appropriate account titles for this transaction?
     
     
    • Supplies Expense, Accounts Receivable
    • Supplies, Cash
    • Supplies Account Receivable
    • Supplies Expense, Accounts Payable
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