Please help me with my assignment. Solutions are not required 1. If the balance of the Perez, Withdrawals account were P120,000 and the balance of the Salaries Expense account were P50,000, what would be the amount of B? a. P180,000 b. P580,000 c. P370,000 d. P380,000 2. If the trial balance showed a balance of P70,000 in the Perez, Withdrawals account and a balance of P50,000 in the Salaries Expense account, what would be the amount of Advertising Revenues for the period? a. P330,000 b. P480,000 c. P180,000 d. P430,000 3.In the trial balance, total assets equal: a. P330,000 b. P230,000 c. P430,000 d. P410,000 4. If the trial balance showed a balance of P80,000 in the Salaries Expense account and a balance of P350,000 in the Advertising Revenues account, what would be the amount of A? a. P500,000 b. P550,000 c. P450,000 d. P600,000 5. If the trial balance showed a balance of P40,000 in the Salaries Expense account and a balance of P300,000 in the Advertising Revenues account, what would be amount of the Perez, Withdrawals account? a. P250,000 b. P190,000 c. P140,000 d. P50,000
Please help me with my assignment. Solutions are not required 1. If the balance of the Perez, Withdrawals account were P120,000 and the balance of the Salaries Expense account were P50,000, what would be the amount of B? a. P180,000 b. P580,000 c. P370,000 d. P380,000 2. If the trial balance showed a balance of P70,000 in the Perez, Withdrawals account and a balance of P50,000 in the Salaries Expense account, what would be the amount of Advertising Revenues for the period? a. P330,000 b. P480,000 c. P180,000 d. P430,000 3.In the trial balance, total assets equal: a. P330,000 b. P230,000 c. P430,000 d. P410,000 4. If the trial balance showed a balance of P80,000 in the Salaries Expense account and a balance of P350,000 in the Advertising Revenues account, what would be the amount of A? a. P500,000 b. P550,000 c. P450,000 d. P600,000 5. If the trial balance showed a balance of P40,000 in the Salaries Expense account and a balance of P300,000 in the Advertising Revenues account, what would be amount of the Perez, Withdrawals account? a. P250,000 b. P190,000 c. P140,000 d. P50,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me with my assignment. Solutions are not required
1. If the balance of the Perez, Withdrawals account were P120,000 and the balance of the Salaries Expense account were P50,000, what would be the amount of B?
a. P180,000
b. P580,000
c. P370,000
d. P380,000
2. If the trial balance showed a balance of P70,000 in the Perez, Withdrawals account and a balance of P50,000 in the Salaries Expense account, what would be the amount of Advertising Revenues for the period?
a. P330,000
b. P480,000
c. P180,000
d. P430,000
3.In the trial balance, total assets equal:
a. P330,000
b. P230,000
c. P430,000
d. P410,000
4. If the trial balance showed a balance of P80,000 in the Salaries Expense account and a balance of P350,000 in the Advertising Revenues account, what would be the amount of A?
a. P500,000
b. P550,000
c. P450,000
d. P600,000
5. If the trial balance showed a balance of P40,000 in the Salaries Expense account and a balance of P300,000 in the Advertising Revenues account, what would be amount of the Perez, Withdrawals account?
a. P250,000
b. P190,000
c. P140,000
d. P50,000
Transcribed Image Text:Use the following information to answer the questions below. The following is the
trial balance for Jennifer Perez Ads:
Jennifer Perez Ads
Trial Balance
Jan. 31, 2018
Cash
P30,000
20,000
30,000
50,000
70,000
50,000
50,000
30,000
Accounts Receivable
Art Supplies
Office Supplies
Prepaid Rent
Prepaid Insurance
Art Equipment
Office Equipment
Accounts Payable
Perez, Capital
Perez, Withdrawals
Advertising Revenues
Salaries Expense
Utilities Expense
Telephone Expense
P 50,000
150,000
?
50,000
30,000
P A
P B
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