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12. Munoz Company had the following account balances as of December 31. Cash Equipment Accounts Payable R. Munoz, Capital R. Munoz, Drawing Income from Services P18,500 P15,000 P7,000 P4,200 P10,300 P3,000 Rent Expense Salaries Expense What is the credit balance of the trial balance? P6,000 P2,000

12. Munoz Company had the following account balances as of December 31. Cash Equipment Accounts Payable R. Munoz, Capital R. Munoz, Drawing Income from Services P18,500 P15,000 P7,000 P4,200 P10,300 P3,000 Rent Expense Salaries Expense What is the credit balance of the trial balance? P6,000 P2,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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FUNDAMENTALS OF a. P28,800 b. P33,000 c. P25,500 d. P17,800 13. Which of the following errors, considere balance totals to be unequal? a. Cash received from a customer on
Transcribed Image Text:FUNDAMENTALS OF a. P28,800 b. P33,000 c. P25,500 d. P17,800 13. Which of the following errors, considere balance totals to be unequal? a. Cash received from a customer on
Munoz Company had the following account balances as of December 31. 12. Cash P15,000 Equipment Accounts Payable R. Munoz, Capital R. Munoz, Drawing Income from Services P18,500 P7,000 P4,200 P10,300 P3,000 ord Rent Expense Salaries Expense What is the credit balance of the trial balance? P6,000 P2,000 223 00
Transcribed Image Text:Munoz Company had the following account balances as of December 31. 12. Cash P15,000 Equipment Accounts Payable R. Munoz, Capital R. Munoz, Drawing Income from Services P18,500 P7,000 P4,200 P10,300 P3,000 ord Rent Expense Salaries Expense What is the credit balance of the trial balance? P6,000 P2,000 223 00
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