Prepare the Owners equity statement Accounts PayableAccounts ReceivableP 122,500219,000Accumulated Depreciation-BuildingAccumulated Depreciation-EquipmentAdvertising ExpenseArt Revenues60,00060,000105,0001,437,500450,000BuildingCash36,20030,000Depreciation Expense-BuildingDepreciation Expense-EquipmentEquipmentInterest Expense30,000217,00037,000Land120,000Miscellaneous ExpenseMortgage PayableNotes PayableOffice SuppliesBlanche, Capital, 1/1/2017Blanche, WithdrawalsRepresentation ExpenseSalaries ExpenseSalaries PayableTravel Expense24,600395,000213,00017,20050,500148,600164,000673,20017,300159,000During the year, Blanche invested additional P75,000 in the business.

Name: Prepare the Owners equity statement Accounts PayableAccounts Receivabl
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Description: Prepare the Owners equity statement Accounts PayableAccounts ReceivableP 122,500219,000Accumulated Depreciation-BuildingAccumulated Depreciation-EquipmentAdvertising ExpenseArt Revenues60,00060,000105,0001,437,500450,000BuildingCash36,20030,000Deprec

Owners equity indicates the owner's investment balance in the business entity.

Business

Accounting

P 122,500 219,000 60,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advertising Expense Art Revenues 60,000 105,000 1,437,500 450,000 Building Cash Depreciation Expense-Building Depreciation Expense-Equipment Equipment Interest Expense 36,200 30,000 30,000 217,000 37,000 Land 120,000 Miscellaneous Expense Mortgage Payable Notes Payable Office Supplies Blanche, Capital, 1/1/2017 Blanche, Withdrawals Representation Expense Salaries Expense Salaries Payable Travel Expense 24,600 395,000 213,000 17,200 50,500 148,600 164,000 673,200 17,300 159,000 During the year, Blanche invested additional P75,000 in the business.

P 122,500 219,000 60,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advertising Expense Art Revenues 60,000 105,000 1,437,500 450,000 Building Cash Depreciation Expense-Building Depreciation Expense-Equipment Equipment Interest Expense 36,200 30,000 30,000 217,000 37,000 Land 120,000 Miscellaneous Expense Mortgage Payable Notes Payable Office Supplies Blanche, Capital, 1/1/2017 Blanche, Withdrawals Representation Expense Salaries Expense Salaries Payable Travel Expense 24,600 395,000 213,000 17,200 50,500 148,600 164,000 673,200 17,300 159,000 During the year, Blanche invested additional P75,000 in the business.

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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