The owner of FN Trading received the amount loaned personally from a bank amounting to P4,500,000 and invested P800,000 of it into the business. How much is the increase in the total liabilities of the business?
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The owner of FN Trading received the amount loaned personally from a bank amounting to P4,500,000 and invested P800,000 of it into the business.
How much is the increase in the total liabilities of the business?
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- Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in assets and in which the owner has 34,500 equity. b. The equity of the owner of a tour bus that cost 57,000 and on which is owed 21,800 on an installment loan payable to the bank. c. The amount of the assets of a business that has 11,780 in liabilities and in which the owner has 28,500 equity.Jada Company had the following transactions during the year: Purchased a machine for $500,000 using a long-term note to finance it Paid $500 for ordinary repair Purchased a patent for $45,000 cash Paid $200,000 cash for addition to an existing building Paid $60,000 for monthly salaries Paid $250 for routine maintenance on equipment Paid $10,000 for extraordinary repairs If all transactions were recorded properly, what amount did Jada capitalize for the year, and what amount did Jada expense for the year?1. The owner of FDN Trading received the amount loaned personally from a bank amounting to P3,500,000 and invested P800,000 of it into the business. How much is the increase in the total liabilities of the business? 2.
- The owner of Total Care Trading received the amount loaned personally from a bank amounting to P1,500,000 and invested P400,000 of it into the business. How much is the increase in the total assets of the business? (show ur solution/explanation)Can you recheck the transaction on Feb. 12? It was said that the owner received P50,000 from customers, why did you deduct the P50,000 in accounts receivable? The cash came from the customers and not from the Nestle Corporation, does it? Should that P50,000 be added on the Capital? A revenue earned?Rush Corporation borrowed $25,000 from the bank. Which of the following accurately shows the effects of the transaction?
- The company repays a €45,000 loan by taking out another loan for €30,000 and raising €15,000 new equity.What is the impact on the net assets of the company in monetary terms? One of the directors has loaned the company €25,000 of her own money.What is the impact on the net assets of the company in monetary terms?When a company buys equipment for $161,000 and pays for one half in cash and the other one half is financed by a note payable, which of the following are the effects on the accounting equation? a. Total assets increase $161,000 b. Total liabilities increase $161,000 c. Total liabilities decrease $80,500 d. Total assets increase $80,500The owner of ABC Company invested cash to the business amounting ₱500,000 and office furniture and equipment which has a fair market value of ₱210,000. During the year, the owner made an additional investment of ₱150,000 to increase the working capital of the firm. On December 1, the owner issued a company check for ₱250,000 to settle his personal loan from Union Bank. Revenues in 2021 totaled ₱305,000 and expenses amounted to ₱420,200. How much was owner’s capital as of December 31, 2021?
- The cash account balance of FDNACCT came from the following: From clients for service rendered, P361,000, From clients for services to be rendered, P23,000 From a bank loan, P102,000, and From additional investment of the owner, P174,000. How much is the income of the business?One of the directors has loaned the company €25,000 of her own money. What is the impact on the net assets of the company in monetary terms?The business was put up from a cash of P200,000, the initial capital of the owner.Then, P40,000 of the cash was used to purchase an equipment to be used inbusiness. The purchase of equipment resulted in a liability of P20,000. How muchare the total assets of the business?
