ACCOUNTS PAYABLE                          P60,000 ACCOUNTS RECEIVABLE                     P10,000 BUILDING                                                      ? CASH                                                   P30,000  EQUIPMENT                                         P70,000                   ARLYN VILLANUEVA, CAPITAL                     ?                          LAND                                                   P70,000    IF THE BALANCE OF THE BUILDING ACCOUNT WAS P80,000 AND P30,000 OF ACCOUNTS PAYABLE WERE PAID IN CASH, WHAT WOULD BE THE TOTAL LIABILITIES AND OWNER’S EQUITY?   P140,000 P180,000 P190,000 230,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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ACCOUNTS PAYABLE                          P60,000

ACCOUNTS RECEIVABLE                     P10,000

BUILDING                                                      ?

CASH                                                   P30,000 

EQUIPMENT                                         P70,000                  

ARLYN VILLANUEVA, CAPITAL                     ?                         

LAND                                                   P70,000 

 

IF THE BALANCE OF THE BUILDING ACCOUNT WAS P80,000 AND P30,000 OF ACCOUNTS PAYABLE WERE PAID IN CASH, WHAT WOULD BE THE TOTAL LIABILITIES AND OWNER’S EQUITY?

 

  1. P140,000
  2. P180,000
  3. P190,000
  4. 230,000
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