During the period, total revenues earned and collected was P308,000 whiletotal expenses incurred and paid was P145,000. The owner withdrew P25,000cash and $7,000 worth of supplies. Moreover, the owner made an additionalinvestment of P54,000. How much is the ending balance of Cash account?◄ PreviousNot savedNext >Submit Quiz

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Description: During the period, total revenues earned and collected was P308,000 whiletotal expenses incurred and paid was P145,000. The owner withdrew P25,000cash and $7,000 worth of supplies. Moreover, the owner made an additionalinvestment of P54,000. How muc

Ending balance of cash account is based on all revenues collection and expenses paid. It also…

Business

Accounting

uring the period, total revenues earned and collected was P308,000 while otal expenses incurred and paid was P145,000. The owner withdrew P25,000 ash and P7,000 worth of supplies. Moreover, the owner made an additional nvestment of P54,000. How much is the ending balance of Cash account?

uring the period, total revenues earned and collected was P308,000 while otal expenses incurred and paid was P145,000. The owner withdrew P25,000 ash and P7,000 worth of supplies. Moreover, the owner made an additional nvestment of P54,000. How much is the ending balance of Cash account?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 1PB: Provide journal entries to record each of the following transactions. For each, also identify: *the...

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