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Actual supplies on hand on December 31, 2014 were P12,000. (11) An equipment costing P80,000 was sold on July 1, 2014 for P50,000, the proceeds

Actual supplies on hand on December 31, 2014 were P12,000. (11) An equipment costing P80,000 was sold on July 1, 2014 for P50,000, the proceeds being credited to Sales. All fixed assets were contribut...

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