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Question 37 The ACCCOB Company's ledger at year-end showed the following information: Service Income Salaries expense P2,995,000 1,072,000 135,000 Rent expense Accrued interest expense
Question 37 The ACCCOB Company's ledger at year-end showed the following information: Service Income Salaries expense P2,995,000 1,072,000 135,000 Rent expense Accrued interest expense Miscellaneous expense 7,000 80,000 During the year the owner made a cash withdrawal of P70,000. What was the increase or decrease in the capital account? Put a negative "-" before the amount if it is decreased. 2 pts
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