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The following are the selected ledger balances taken from the books of ABC Company for the year 2021: Accrued Rent Income P 180,000 Rent Expense

The following are the selected ledger balances taken from the books of ABC Company for the year 2021: Accrued Rent Income P 180,000 Rent Expense Accounts Receivable 126,000 Cash P 120,000 112,000 Allowance for Bad Debts 12,600 Prepaid Advertising 12,000 Service Income 500,000 Salaries Expense 115,000 Office Equipment 430,000 Utilities Expense 49,000 Accumulated 75,000 Unused Supplies 18,000 Depreciation Representation Expense 60,000 Owner, Capital 463,300 Unearned Service Income 22,000 Accounts Payable 240,000 Accrued Interest Owner, Drawing 14,000 10,700 Expense Compute for the total assets of ABC Company

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