Question
At the end of the first month of operations for Slow Motion Delivery Service, the business had the following accounts: Accounts Receivable P20,900 Prepaid Insurance
At the end of the first month of operations for Slow Motion Delivery Service, the business had the following accounts:
| Accounts Receivable | P20,900 |
| Prepaid Insurance | 7,500 |
| Equipment | 96,300 |
| Cash | 31,700 |
On the same date, Slow Motion owed the following to creditors:
| Treasure Supply Company | P17,100 |
| Trey Office Equipment | 14,600 |
How much is the owners equity of Slow Motion Delivery Service at the end of the first month of operation?
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IT Auditing And Sarbanes Oxley Compliance Key Strategies For Business Improvement
Authors: Dimitris N. Chorafas
1st Edition
036738650X, 978-0367386504
