Reference no: EM132528821
Question - Triple H Agency had the ff transactions during the month of November 2019:
Nov-01 Paid creditors on account - P45,000
Nov-08 Billed customers for services rendered on account - P50,000
Nov-09 Withdrew P10,000 for personal use
Nov-12 Received cash from customer on account - P20,000
Nov-14 The owner invested additional cash of P100,000
Nov-25 Paid the rent for the month - P8,000
Nov-28 Received cash from the walk-in customers - P20,000
Required -
a. How much is the net increase in accounts receivable?
b. How much is the net increase in owner's equity during the month?
c. How much is the cash balance at the end of the month assuming the beginning balance of cash is P60,000?
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