How much is the net increase in owners equity

Assignment Help Accounting Basics
Reference no: EM132528873

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

How much is the net increase in owner's equity during the month?

Reference no: EM132528873

Questions Cloud

What are the ten microbiological agents : What are the ten microbiological agents that are implicated in food-borne illness? What are the measures for preventing food-borne illness?
Prepare the journal entry at the date of the bond issuance : Rama Corporation issued $600,000 of 8% term bonds on January 1, 2017, due on January 1, 2022, Prepare the journal entry at the date of the bond issuance
Legal claims against capstone corporation : Does Paula have any legal claims against Capstone Corporation? What about Paula's actions? Does Paula have a contract with Freddy to purchase the car?
Describe the stages for processing sewage : Describe the stages for processing sewage. At what stage of processing is it permissible in the United States to dispose of wastewater
How much is the net increase in owners equity : Nov-08 Billed customers for services rendered on account - P50,000. How much is the net increase in owner's equity during the month
Develop a centralized model of delivering hr services : Your HR project to develop a centralized model of delivering HR services has progressed through very critical stages of the project thus far. It is now time to.
Working capital management : Many newly minted college graduates work in positions that focus on working capital management,
How much money can Covid Ltd expect to collect : If every ordinary shareholder pays the amount owing in full, how much money can Covid Ltd expect to collect from this call
Discussion about the tqm planning : Imagine your company is being considered for subcontracting the management of a project because of your firm's excellent human resource and quality management.

Reviews

Write a Review

Accounting Basics Questions & Answers

  In year 4 the companys variable costing net operating

in year 4 the companys variable costing net operating income was 240000 and its absorption costing net operating income

  Compute the budgeted direct labor costs for June

The company plans to sell 43,000 units of Product WZ in June. Compute the budgeted direct labor costs for June

  Entry level management accountant

You have been employed as an entry level management accountant for little under a year. You suspect that your immediate supervisor is involved in a significant fraud involving diverting of companys assets to personal use.

  What is current market value of corporations common stock

What is the current market value (price) of this corporations common stock? What are the par values of the corporations preferred stock

  Land was acquired in 2013 for a future building site at a

land was acquired in 2013 for a future building site at a cost of 40400. the assessed valuation for tax purposes is

  Discuss about the issues in benefits from tariffs or quotas

Discuss The strength of the dollar on domestic and global economies, Benefits from tariffs or quotas, Losses from tariffs or quotas

  Main accounting issues in ssap 24

Identify and explain the main accounting issues in SSAP 24, Accounting for pension costs, for defined contribution schemes and defined benefit schemes.

  Prepare journal entry to record the estimated uncollectibles

During its first year of operations, Henley Company had credit sales of $3,000,000; Prepare the journal entry to record the estimated uncollectibles

  Youve been saving up for a new car that you think costs

1. youve been saving up for a new car that you think costs 25000. you already have 10000 and you think that with

  What amount will pronghorn receive when it issues the bonds

Pronghorn Inc. issues $2,122,400 of 10% bonds due in 12 years with interest payable at year-end. What amount will Pronghorn receive when it issues the bonds

  To help pay for construction 880000 was borrowed at 10 on

bass corporation constructed assets costing 2000000. the weighted-average accumulated expenditures on these assets

  By how much are profits underestimated

Suppose sales revenues exceed the estimated amount on the income statement by $1,500,000. Without preparing a new income statement.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd