The beginning capital balance is P301,000. At the end of the year, the results of operations showed a net income of P96,000. During the year the owner withdrew P18,900 for personal use. The owner made an additional investment of P50,000. The ending capital balance is _____. 2. The beginning capital balance of BA Company is P1,280,000 while the ending capital balance is P1,520,000. During the year, the owner withdrew P210,000 for personal use. There was no additional investment made during the year. The Net Income for the year is _____.

The beginning capital balance is P301,000. At the end of the year, the results of operations showed a net income of P96,000. During the year the owner withdrew P18,900 for personal use. The owner made an additional investment of P50,000. The ending capital balance is _. 2. The beginning capital balance of BA Company is P1,280,000 while the ending capital balance is P1,520,000. During the year, the owner withdrew P210,000 for personal use. There was no additional investment made during the year. The Net Income for the year is _.

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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