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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Multiple choice:

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

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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