Answered: 4. Assets = ?, Liabilities = Php…

Name: DESCRIPTION: Bookkeeping and Accounting for Non-Accountant1,000,000 +
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Description: DESCRIPTION: Bookkeeping and Accounting for Non-Accountant1,000,000 +(-300,000) = 700,000.Now you can use the basic accounting equation to calculate total liabilities atthe end of the year:ACTIVITY:850,000 liabilities + 700,000850,000-700,000 = 150,

Business

Accounting

4. Assets = ?, Liabilities = Php 10,000, Owner's equity = Php 15,000 5. Assets = Php 60,000, Liabilities = ?, Owner's equity = Php 40,000 6. Assets ?, Liabilities + Owner's equity = Php 150,000 =

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 1E

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