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What would be the balance of the villanueva

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Reference no: EM133007138

 

Villanueva Realty had the following  balance sheet accounts and balances:

Accounts Payable P60,000            Equipment P70,000
Accounts Receivable 10,000              Arlyn V., Capital ?
Building ?                                        Land 70,000
Cash 30,000

Problem 1: If the balance of the Building account was P140,000 and P30,000 of Accounts Payable were paid in cash, what would be the balance of the Villanueva, Capital account?

a. P210,000
b. P260,000
C. P320,000
d. P340,000

Reference no: EM133007138

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