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College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
Not helpful? See similar books
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
T Accounts, Debits And Credits, Trial Balance, And Financial Statements. 8QY
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Chapter 2, Problem 8QY
To determine

Calculate the amount of ending capital.

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College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
Not helpful? See similar books
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
T Accounts, Debits And Credits, Trial Balance, And Financial Statements. 8QY
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  • ACCOUNTS PAYABLE                          P60,000 ACCOUNTS RECEIVABLE                     P10,000 BUILDING                                                      ? CASH                                                   P30,000  EQUIPMENT                                         P70,000                   ARLYN VILLANUEVA, CAPITAL                     ?                          LAND                                                   P70,000    IF THE BALANCE OF THE BUILDING ACCOUNT WAS P80,000 AND P30,000 OF ACCOUNTS PAYABLE WERE PAID IN CASH, WHAT WOULD BE THE TOTAL LIABILITIES AND OWNER’S EQUITY?   P140,000 P180,000 P190,000 230,000
    ACCOUNTS PAYABLE                          P60,000 ACCOUNTS RECEIVABLE                     P10,000 BUILDING                                                      ? CASH                                                   P30,000  EQUIPMENT                                         P70,000                   ARLYN VILLANUEVA, CAPITAL                     ?                          LAND                                                   P70,000     IF THE BALANCE OF THE BUILDING ACCOUNT WAS P150,000 AND THE EQUIPMENT WAS SOLD FOR P70,000 WHAT WOULD BE THE TOTAL OF OWNER’S EQUITY?   P150,000 P160,000 P270,000 P330,000
    ACCOUNTS PAYABLE                          P60,000 ACCOUNTS RECEIVABLE                     P10,000 BUILDING                                                      ? CASH                                                   P30,000  EQUIPMENT                                         P70,000                   ARLYN VILLANUEVA, CAPITAL                     ?                          LAND                                                   P70,000     IF THE BALANCE OF THE VILLANUEVA, CAPITAL ACCOUNT WAS P210,000, WHAT WOULD BE THE BALANCE OF THE BUILDING ACCOUNT?   P250,000 P40,000 P90,000 210,000
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