The cash account balance of FDNACCT came from the following: From clients for service rendered, P368,000, From clients for services to be rendered, P22,000 From a bank loan, P108,000, and From additional investment of the owner, P189,000. How much is the income of the business?

The cash account balance of FDNACCT came from the following: From clients for service rendered, P368,000, From clients for services to be rendered, P22,000 From a bank loan, P108,000, and From additional investment of the owner, P189,000. How much is the income of the business?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 18EB: Krespy Corp. has a cash balance of $7,500 before the following transactions occur: A. received...

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Please answer correctly. Thanks.

The cash account balance of FDNACCT came from the following:
From clients for service rendered, P368,000,
From clients for services to be rendered, P22,000
From a bank loan, P108,000, and
From additional investment of the owner, P189,000.
How much is the income of the business?

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