Problem 2 Accounts Accounts payable Accounts Receivable Administrative expenses 108,000 Cash DBA Capital, January 1 Balances 194,000 246,000 18,000 50,000 Rent expenses Salaries Expenses Salaries payable Selling expenses 372, 000 860,000 13,000 45,000 Service Revenue 1.592.000

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Balance of Payments

BOP is categorized into the following three components: