Question
As of December 31, Joy Company had P77,850 in cash, held P21,500 of office supplies and owned office equipment with a carrying value of P107,850.
As of December 31, Joy Company had P77,850 in cash, held P21,500 of office supplies and owned office equipment with a carrying value of P107,850. Joy Company also had borrowed P70,000 from Union Bank. How much is the amount of Joy, Capital as of December 31.
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
