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please answer all the questions immediately thankyou 11. The information given below appears in the financial records at the end of the year of The
please answer all the questions immediately thankyou
11. The information given below appears in the financial records at the end of the year of "The Spa" which is a health, beauty and fitness center. Cash Accounts Receivable Land Supplies P 95,000 70,000 150,000 15,000 Accounts Payable Furniture and Equipment Utilities Payable Building P 150,000 75,000 55,000 500,000 If owner's capital at the start of the year was P 400,000 and he made an additional investment of P 150,000 and cash drawings of P 10,000 during the year, how much was net income or loss for the year? INSTRUCTION: In writing your answer, no need to write peso sign and centavos. If your answer, for instance, is two hundred thousand, simply write in the "Enter Your Answer" box as 200,000. (1 Point) Enter your answer 29. The information given below appears in the financial records at the end of the year of "The Spa" which is a health, beauty and fitness center. Cash Accounts Receivable Land Supplies P 95,000 70,000 150,000 15,000 Accounts Payable Furniture and Equipment Utilities Payable Building P 150,000 75,000 55,000 500,000 What was the owner's equity at the end of the year? INSTRUCTION: In writing your answer, no need to write peso sign and centavos. If your answer, for instance, is two hundred thousand, simply write in the "Enter Your Answer" box as 200,000. (1 Point) Enter yourStep by Step Solution
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