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Problem #2A Elements of Financial Statements Assets Liabilities Owner's Equity a. b. C. d. e. 760,000 860,000 ? 626,600 ? 360,000 ? 108,000 376,240 800,000
Problem #2A Elements of Financial Statements Assets Liabilities Owner's Equity a. b. C. d. e. 760,000 860,000 ? 626,600 ? 360,000 ? 108,000 376,240 800,000 ? 592,000 760,000 ? (100,000) Required: Fill in the amount of the missing element of financial position. Problem #2B a. Jimmy Delgado Pest Control has assets of P600,000 and owner's equity of P450,000. b. Margie Clavano Realtors has liabilities of P530,000 and owner's equity of P410,000. c. Marko Fuentes Plumbing Contractor has assets of P473,000 and liabilities of P153,700. d. Ryan Morales Acting Studio has liabilities of P147,000 and owner's equity of P236,500 e. Fely Monarca Dance has assets of P624,000 and liabilities of P237,000. Required: Compute the amount of the missing element of financial position
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