Cash Loan Payable Office Equipment Unearmed Rentals Accrued Salaries Meg Drawing Repair Income Prepaid advertising Rent expense Meg Capital Accrued Interest income How much is the total of the e P 271,000 P 296,500 P300.000

Cash Loan Payable Office Equipment Unearmed Rentals Accrued Salaries Meg Drawing Repair Income Prepaid advertising Rent expense Meg Capital Accrued Interest income How much is the total of the e P 271,000 P 296,500 P300.000

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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Question

P 20,000
12,000
60,000
5,000
25,000
8,000
123,000
10,000
15,000
135,000
1,000
Cash
Loan Payable
Office Equipment
Unearned Rentals
Accrued Salaries
Meg Drawing
Repair Income
Prepaid advertising
Rent expense
Meg Capital
Accrued Interest income
How much is the total of the credit balances?
P 271,000
P 296,500
P 300,000
P 276,000

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