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Find how much is the ending capital

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Problem 1: Assets as of January 2016 amounted to P 780,000 while labilities were 1/4 of assets. During the year, service was rendered for P430,000 while P269,000 was incurred for various expenses. Of the total service rendered 30% remained uncollected while P 55,000 remained unpaid. How much is the ending capital?

Reference no: EM133008272

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