Question
The following transactions were taken from the books of ABC Company. (1) The owner invested P50,000. (2) Purchased Equipment on account, P5,000. (3) Bought Supplies,
The following transactions were taken from the books of ABC Company. (1) The owner invested P50,000. (2) Purchased Equipment on account, P5,000. (3) Bought Supplies, P5,000 cash. (4) The owner withdrew P1,000 for personal use. (5) The owner made an additional investment of P10,000 cash. Determine total assets.
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
