Q/ provided you with the following data. You are required to find the missing amount, bearing in mind that the company uses the single entry theory 1/1/2020 Furniture 400,000 / land 1,000,000 / fund 100,000 / bank 600,000 / loan 40,000 / notes receivable 60,000/ debtors 50,000 31/12/2020 Furniture 200,000 / land 1,000,000 / fund 160,000 / loan 40,000 / notes receivable 30,000 / debtors??? The additions during the period are equal to 10% of the capital at the end of the period and the withdrawals were 100,000 It is required to find the debtors at the end of the period if you know that the project achieved a profit of 90000

Q/ provided you with the following data. You are required to find the missing amount, bearing in mind that the company uses the single entry theory 1/1/2020 Furniture 400,000 / land 1,000,000 / fund 100,000 / bank 600,000 / loan 40,000 / notes receivable 60,000/ debtors 50,000 31/12/2020 Furniture 200,000 / land 1,000,000 / fund 160,000 / loan 40,000 / notes receivable 30,000 / debtors??? The additions during the period are equal to 10% of the capital at the end of the period and the withdrawals were 100,000 It is required to find the debtors at the end of the period if you know that the project achieved a profit of 90000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 1MC

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