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

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

Name: CABLES General Professional Partnership, a business formed by Carlo a
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Description: CABLES General Professional Partnership, a business formed by Carlo and Jamie, have the following data in its books:|Carlo, CapitalP50,000 Jan 1 Balance.Feb 28P300,000June 120,000Oct 175,000P345,000Jamie, CapitalAug 12,000 Jan 1 BalanceNov 110,000 M

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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