Exercise 7-7 Hermione has the following balances on her book: Cash Accounts Receivable Building Equipment Allowance for bad debts Accumulated depreciation - building Accumulated depreciation - equipment Note Payable Cash collections Cash payment P50,000 200,000 1,000,000 500,000 50,000 500,000 75,000 100,000 50,000 10,000 Requirement: Using T-account analysis, compute for the ending balance or carrying amount of the following: 1. Cash 2. Accounts Receivable 3. Building 4. Equipment 5. Note Payable