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Profit for Jeffrey Franco's Treasures is P250,000 for the current year. The owner withdrew P30,000 per month for personal living expenses. The owner's Capital account
Profit for Jeffrey Franco's Treasures is P250,000 for the current year. The owner withdrew P30,000
per month for personal living expenses. The owner's Capital account will show a net
A. decrease of P110,000.
B. decrease of P360,000.
C. increase of P610,000.
D. increase of P110,000.
E. increase of P360,000.
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