Refer to the table below. Account Office Accounts Notes Chua, Transactions Cash Furniture Receivable Supplies Payable Payable Equity BEGINNING 100,000 5,000 2,000 30,000 30,000 20,000 87,000 BALANCE Made additional investment of cash DEO OO0
Refer to the table below. Account Office Accounts Notes Chua, Transactions Cash Furniture Receivable Supplies Payable Payable Equity BEGINNING 100,000 5,000 2,000 30,000 30,000 20,000 87,000 BALANCE Made additional investment of cash DEO OO0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
39

Transcribed Image Text:Refer to the table below.
Account
Office
Accounts Notes
Chua,
Transactions
Cash
Furniture
Receivable Supplies
Payable Payable Equity
BEGINNING
100,000 5,000
2,000
30,000
30,000 20,000 87,000
BALANCE
Made additional
investment of cash
P50,000.
BALANCE
Purchased office
supplies worth
P5,000, on account.
BALANCE
Purchased furniture
in cash, P10,000
BALANCE
Rendered services
totalled P30,000,
P25,000 received in
cash, balance on
account

Transcribed Image Text:BALANCE
Supplies used
P3,000
BALANCE
Paid utilities
expenses, P5,000
BALANCE
Rendered services
received in cash,
P10,000
BALANCE
Compute the final balance of
Cash
Total assets
Chua, Capital
NOTE: Do not use Peso sign or "P". If the answer has decimal amount, round off your answer to two decimal places. Do not forget to
use comma as separator, if necessary. For example, if your answer is P90,000, you should type 90,000 or P 15,000.75 as 115,000.75
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