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Please help me with my assignment. Solutions are not required   1. If the balance of the Perez, Withdrawals account were P120,000 and the balance of the Salaries Expense account were P50,000, what would be the amount of B? a. P180,000 b. P580,000 c. P370,000 d. P380,000   2. If the trial balance showed a balance of P70,000 in the Perez, Withdrawals account and a balance of P50,000 in the Salaries Expense account, what would be the amount of Advertising Revenues for the period? a. P330,000 b. P480,000 c. P180,000 d. P430,000   3.In the trial balance, total assets equal: a. P330,000 b. P230,000 c. P430,000 d. P410,000   4. If the trial balance showed a balance of P80,000 in the Salaries Expense account and a balance of P350,000 in the Advertising Revenues account, what would be the amount of A? a. P500,000 b. P550,000 c. P450,000 d. P600,000   5. If the trial balance showed a balance of P40,000 in the Salaries Expense account and a balance of P300,000 in the Advertising Revenues account, what would be amount of the Perez, Withdrawals account? a. P250,000 b. P190,000 c. P140,000 d. P50,000

Please help me with my assignment. Solutions are not required   1. If the balance of the Perez, Withdrawals account were P120,000 and the balance of the Salaries Expense account were P50,000, what would be the amount of B? a. P180,000 b. P580,000 c. P370,000 d. P380,000   2. If the trial balance showed a balance of P70,000 in the Perez, Withdrawals account and a balance of P50,000 in the Salaries Expense account, what would be the amount of Advertising Revenues for the period? a. P330,000 b. P480,000 c. P180,000 d. P430,000   3.In the trial balance, total assets equal: a. P330,000 b. P230,000 c. P430,000 d. P410,000   4. If the trial balance showed a balance of P80,000 in the Salaries Expense account and a balance of P350,000 in the Advertising Revenues account, what would be the amount of A? a. P500,000 b. P550,000 c. P450,000 d. P600,000   5. If the trial balance showed a balance of P40,000 in the Salaries Expense account and a balance of P300,000 in the Advertising Revenues account, what would be amount of the Perez, Withdrawals account? a. P250,000 b. P190,000 c. P140,000 d. P50,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 1PB: The following information is taken from the records of Rosebloom Flowers for the year 2019. A....
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Please help me with my assignment. Solutions are not required
 
1. If the balance of the Perez, Withdrawals account were P120,000 and the balance of the Salaries Expense account were P50,000, what would be the amount of B?
a. P180,000
b. P580,000
c. P370,000
d. P380,000
 
2. If the trial balance showed a balance of P70,000 in the Perez, Withdrawals account and a balance of P50,000 in the Salaries Expense account, what would be the amount of Advertising Revenues for the period?
a. P330,000
b. P480,000
c. P180,000
d. P430,000
 
3.In the trial balance, total assets equal:
a. P330,000
b. P230,000
c. P430,000
d. P410,000
 
4. If the trial balance showed a balance of P80,000 in the Salaries Expense account and a balance of P350,000 in the Advertising Revenues account, what would be the amount of A?
a. P500,000
b. P550,000
c. P450,000
d. P600,000
 
5. If the trial balance showed a balance of P40,000 in the Salaries Expense account and a balance of P300,000 in the Advertising Revenues account, what would be amount of the Perez, Withdrawals account?
a. P250,000
b. P190,000
c. P140,000
d. P50,000
Use the following information to answer the questions below. The following is the trial balance for Jennifer Perez Ads: Jennifer Perez Ads Trial Balance Jan. 31, 2018 Cash P30,000 20,000 30,000 50,000 70,000 50,000 50,000 30,000 Accounts Receivable Art Supplies Office Supplies Prepaid Rent Prepaid Insurance Art Equipment Office Equipment Accounts Payable Perez, Capital Perez, Withdrawals Advertising Revenues Salaries Expense Utilities Expense Telephone Expense P 50,000 150,000 ? 50,000 30,000 P A P B
Transcribed Image Text:Use the following information to answer the questions below. The following is the trial balance for Jennifer Perez Ads: Jennifer Perez Ads Trial Balance Jan. 31, 2018 Cash P30,000 20,000 30,000 50,000 70,000 50,000 50,000 30,000 Accounts Receivable Art Supplies Office Supplies Prepaid Rent Prepaid Insurance Art Equipment Office Equipment Accounts Payable Perez, Capital Perez, Withdrawals Advertising Revenues Salaries Expense Utilities Expense Telephone Expense P 50,000 150,000 ? 50,000 30,000 P A P B
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