Bridgerton invested P 200, 000 cash and equipment worth P 100, 000. Also P 50, 0000 worth of payable is to be assumed by the business. How much is the total Owner's equity?P 300, 000P 350, 000P 250, 000P 200, 000 Bridgerton, owner of UR highness Laundry Shop purchased P 10, 000 worth of detergent to Sab Bonin Company on account. What will be the appropriate account titles for this transaction? Supplies Expense, Accounts ReceivableSupplies, CashSupplies Account ReceivableSupplies Expense, Accounts Payable

Name: Bridgerton invested P 200, 000 cash and equipment worth P 100, 000. Al
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Bridgerton invested P 200, 000 cash and equipment worth P 100, 000. Also P 50, 0000 worth of payable is to be assumed by the business. How much is the total Owner's equity?P 300, 000P 350, 000P 250, 000P 200, 000 Bridgerton, owner of UR highness L

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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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Bridgerton invested P 200, 000 cash and equipment worth P 100, 000. Also P 50, 0000 worth of payable is to be assumed by the business. How much is the total Owner's equity?

P 300, 000
P 350, 000
P 250, 000
P 200, 000
Bridgerton, owner of UR highness Laundry Shop purchased P 10, 000 worth of detergent to Sab Bonin Company on account. What will be the appropriate account titles for this transaction?
- Supplies Expense, Accounts Receivable
- Supplies, Cash
- Supplies Account Receivable
- Supplies Expense, Accounts Payable

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