CABLES General Professional Partnership, a business formed by Carlo and Jamie, have the following data in its books: I Carlo, Capital P50,000 Jan 1 Balance. Feb 28 P300,000 June 1 20,000 Oct 1 75,000 P345,000 Jamie, Capital Aug 1 2,000 Jan 1 Balance Nov 1 10,000 May 1 5,000 Dec 1 Carlo, Drawing Jan 1-Dec 31 20,000 Jamie, Drawing 30,000 Jan 1-Dec 31 Income Summary Dec 31 How much is the peso month average capital of Carlo? P410,000 25,000 P418,000 P750,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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CABLES General Professional Partnership, a business formed by Carlo and Jamie, have the following data in its books:
|
Carlo, Capital
P50,000 Jan 1 Balance.
Feb 28
P300,000
June 1
20,000
Oct 1
75,000
P345,000
Jamie, Capital
Aug 1
2,000 Jan 1 Balance
Nov 1
10,000 May 1
5,000
Dec 1
Carlo, Drawing
Jan 1-Dec 31
20,000
Jamie, Drawing
30,000
Jan 1-Dec 31
Income Summary
Dec 31
How much is the peso month average capital of Carlo?
P410,000
25,000
P418,000
P750,000
Transcribed Image Text:CABLES General Professional Partnership, a business formed by Carlo and Jamie, have the following data in its books: | Carlo, Capital P50,000 Jan 1 Balance. Feb 28 P300,000 June 1 20,000 Oct 1 75,000 P345,000 Jamie, Capital Aug 1 2,000 Jan 1 Balance Nov 1 10,000 May 1 5,000 Dec 1 Carlo, Drawing Jan 1-Dec 31 20,000 Jamie, Drawing 30,000 Jan 1-Dec 31 Income Summary Dec 31 How much is the peso month average capital of Carlo? P410,000 25,000 P418,000 P750,000
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