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How much should the salaries payable would be

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Reference no: EM132830793

Problem 1: ABC Company are asking you to evaluate the accounts and look for the missing amount. The following are the data available upon examining; Cash P250,000, Accounts Receivable P50,000, Property Plant and Equipment P500,000, Accounts Payable P50,000, and Owner's Equity of P450,000. Salaries Payable are not recorded. At how much should the salaries payable would be?

a. P500,000

b. P400,000

c. P300,000

d. P250,000

Reference no: EM132830793

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