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FDN Accounting Services started operations on November 1, 2021. The following were the transactions during the month: Nov 1 The business owner provided P2,000,000 cash

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FDN Accounting Services started operations on November 1, 2021. The following were the transactions during the month: Nov 1 The business owner provided P2,000,000 cash as investment to the business. Obtained a P300,000 loan and issued a promissory note with 10% interest per 5 annum. 8 Acquired land costing P1,000,000 on account. 16 Rendered services worth P1,400,000 on account. 30 Paid salaries expense of P190,000. How much is the ending cash balance

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