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During the current month, the company completed the transactions listed below. 1. The owner invested P250,000 cash in the business. 2. Purchased delivery equipment for P32,000 on account. 3. Received a bill for P9,600 for equipment repairs that will be paid next month. 4. Performed delivery services for P128,000; received P44,000 in cash immediately and the remainder was on account. 5. Issued check for P5,000 for a newspaper advertisement. 6. Issued check for P7,500 for current month's utilities. 7. The owner withdrew P15,000 cash for personal use. 8. Received P9,000 on account from credit clients. a Determine the balance of Owner's Equity. You Answered 386,000 Correct Answers 340,900 (with margin: 0)