52. On September 1, 2021, Mr. Mario Marasigan puts up a business and brings in office equipment of P150,000 and inventory of P30,000 to it. Mr. Marasigan puts P80,000 to the entity's cash box and P100,000 into the business' bank account. The business lends P50,000 cash to MC Enterprises and borrows P300,000 from the bank to acquire a piece of land. What is the amount of the business' capital on Sept. 1, 2021? P280,000 P360,000 P260,000 O P510,000

52. On September 1, 2021, Mr. Mario Marasigan puts up a business and brings in office equipment of P150,000 and inventory of P30,000 to it. Mr. Marasigan puts P80,000 to the entity's cash box and P100,000 into the business' bank account. The business lends P50,000 cash to MC Enterprises and borrows P300,000 from the bank to acquire a piece of land. What is the amount of the business' capital on Sept. 1, 2021? P280,000 P360,000 P260,000 O P510,000

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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1
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