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Elements of Financial Statements Asset Liabilities Owner's Equity a. 760,000 360,000 b. ৪60,000 ? 529,000 C. 108,000 760,000 d. 626,600 376,240 ? е. 800,000 (100,000) Required: Fill in the amount of the missing element of financial position.

Elements of Financial Statements Asset Liabilities Owner's Equity a. 760,000 360,000 b. ৪60,000 ? 529,000 C. 108,000 760,000 d. 626,600 376,240 ? е. 800,000 (100,000) Required: Fill in the amount of the missing element of financial position.

FINANCIAL ACCOUNTING
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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Elements of Financial Statements Asset Liabilities Owner's Equity a. 760,000 360,000 ? b. 860,000 529,000 C. ? 108,000 760,000 d. 626,600 376,240 ? ? 800,000 (100,000) е. Required: Fill in the amount of the missing element of financial position.
Transcribed Image Text:Elements of Financial Statements Asset Liabilities Owner's Equity a. 760,000 360,000 ? b. 860,000 529,000 C. ? 108,000 760,000 d. 626,600 376,240 ? ? 800,000 (100,000) е. Required: Fill in the amount of the missing element of financial position.
Problem #4 Elements of Financial Statements 1. Jimmy Delgado Pest Control has assets P600, 000 and owner's equity of P450, 000. 2. Margie Clavano Realtors has liabilities of P350, 000 and owner's equity of P410, 000. 3. Marko Fuentes Plumbing Contractor has assets of P473, 000 and liabilities of P153, 700. 4. Ryan Morales Acting studio has liabilities of P147, 000 and owner's equity of P236, 500. 5. Fely Monarca Dance has assets of P624, 000 and liabilities of P237, 000. Required: Compute the amount of the missing element of financial position.
Transcribed Image Text:Problem #4 Elements of Financial Statements 1. Jimmy Delgado Pest Control has assets P600, 000 and owner's equity of P450, 000. 2. Margie Clavano Realtors has liabilities of P350, 000 and owner's equity of P410, 000. 3. Marko Fuentes Plumbing Contractor has assets of P473, 000 and liabilities of P153, 700. 4. Ryan Morales Acting studio has liabilities of P147, 000 and owner's equity of P236, 500. 5. Fely Monarca Dance has assets of P624, 000 and liabilities of P237, 000. Required: Compute the amount of the missing element of financial position.
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