operations for Delivery Service, the business had the ff. accounts: Accounts Receivable,Php 1200 Prepaid Insurance Ph- Php 36,200 and Cash, Php 40,650. On the same date, Glenniel owed the ff. creditors: Kien's Supply Compa Php 12,000; Kian's Equipment, Php 9,500. The cur for the Glenniel's Delivery Service are
operations for Delivery Service, the business had the ff. accounts: Accounts Receivable,Php 1200 Prepaid Insurance Ph- Php 36,200 and Cash, Php 40,650. On the same date, Glenniel owed the ff. creditors: Kien's Supply Compa Php 12,000; Kian's Equipment, Php 9,500. The cur for the Glenniel's Delivery Service are
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:2. At the end of the first month of operations for Glenniel's
Delivery Service, the business had the ff. accounts:
Accounts Receivable,Php 1200 Prepaid Insurance Php500;
Php 36,200 and Cash, Php 40,650. On the same date,
Glenniel owed the ff. creditors: Kien's Supply Company,
Php 12,000; Kian's Equipment, Php 9,500. The current assets
for the Glenniel's Delivery Service are
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