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D Question 24 1 pts Gerenz Conrad renders his professional services to his client on a fee basis. He rendered his services on account for 2,430 minutes with his professional file per hour is P1.000. The entry for this would be O DR. Accounts receivable 40,500 CR. Service revenue 40,500 O DR. Accounts receivable 2,430,000 CR Service revenue 2,430,000 DR. Service revenue 40,500 CR. Accounts receivable 40,500 40,500 O DR. Cash CR Service revenue 40,500 Question 10 1 pts Assets at the beginning of the year amounted to P48,000 while liabilities were only 1/3 of this figure. By the end of the year, assets increased to 150% while liabilities decreased by 25%. If the owner made withdrawals of P9,000 while revenues generated totaled P75,000, the total expenses incurred by the business during the year amounted to P38,000 P72,000 O P6,000 P60,000 Question 24 1 pts Gerenz Conrad renders his professional services to his client on a fee basis. He rendered his services on account for 2,430 minutes with his professional fee per hour is P1,000. The entry for this would be 40,500 O DR. Accounts receivable CR. Service revenue 40,500 2,430,000 O DR. Accounts receivable CR. Service revenue 2,430,000 O DR. Service revenue 40,500 CR. Accounts receivable 40.500 O DR. Cash 40,500 CR. Service revenue 40.500 Question 12 1 pts The statement of financial position of Humps Company shows a capital balance of P360,000 which is equal to 1/3 of its total assets. How much is the total liabilities? O P120,000 O P720,000 P480,000 P1,080,000