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Compute the balance in joint operation account

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Question - A, B and C's operation has just ended. B, the appointed manager, had the following accounts in his books before closing entries: Dr. JO - Cash - 800, Cr. Payable to A - 105, Cr. Payable to C - 200. The joint operation's profit was P420. B took the unsold inventory costing P30. Compute the balance in Joint Operation account before distribution of profit.

a. P495

b. P450

c. P390

d. P885

Reference no: EM132957284

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