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FDNACCT Services had a beginning balance in its Cash account of P148,000. During the period, total revenues earned and collected was P296,000 while total expenses incurred and paid was P139,000. The owner withdrew P25,000 cash and P5,000 worth of supplies. Moreover, the owner made an additional investment of P59,000. How much is the ending balance of Cash account?

FDNACCT Services had a beginning balance in its Cash account of P148,000. During the period, total revenues earned and collected was P296,000 while total expenses incurred and paid was P139,000. The owner withdrew P25,000 cash and P5,000 worth of supplies. Moreover, the owner made an additional investment of P59,000. How much is the ending balance of Cash account?

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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FDNACCT Services had a beginning balance in its Cash account of P148,000. During the period, total revenues earned and collected was P296,000 while total expenses incurred and paid was P139,000. The owner withdrew P25,000 cash and P5,000 worth of supplies. Moreover, the owner made an additional investment of P59,000. How much is the ending balance of Cash account?
Transcribed Image Text:FDNACCT Services had a beginning balance in its Cash account of P148,000. During the period, total revenues earned and collected was P296,000 while total expenses incurred and paid was P139,000. The owner withdrew P25,000 cash and P5,000 worth of supplies. Moreover, the owner made an additional investment of P59,000. How much is the ending balance of Cash account?
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