Account payable at the beginning of the period is P25,600. Total purchases during the period amounted to P178,500, of which 75% was on account. At the end of the period, accounts payable is P32,195. How much is the total cash paid to suppliers during the period? NO. 10 The balance of Pluto Enterprises showed owner's capital at P250,000. The creditors have a 60% claim on the total assets. What would be the correct amount of the assets?
Account payable at the beginning of the period is P25,600. Total purchases during the period amounted to P178,500, of which 75% was on account. At the end of the period, accounts payable is P32,195. How much is the total cash paid to suppliers during the period? NO. 10 The balance of Pluto Enterprises showed owner's capital at P250,000. The creditors have a 60% claim on the total assets. What would be the correct amount of the assets?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Account payable at the beginning of the period is P25,600. Total purchases during the period amounted to P178,500, of which 75% was on account. At the end of the period, accounts payable is P32,195. How much is the total cash paid to suppliers during the period?
NO. 10 The balance of Pluto Enterprises showed owner's capital at P250,000. The creditors have a 60% claim on the total assets. What would be the correct amount of the assets?
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