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At September 1, 2020, DC Co. reported owner's equity of P136,000. During the month, DC Co. generated revenues of P38,000, incurred expenses of P21,000, purchased
At September 1, 2020, DC Co. reported owner's equity of P136,000. During the month, DC Co. generated revenues of P38,000, incurred expenses of P21,000, purchased equipment for P5,000 and withdrew cash of P2,000. What is the amount of owner's equity at September 30, 2020?
A. P146,000
B. P156,000
C. P151,000
D. P153,000
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
