Reference no: EM133010364
A company has the following transactions:
(a) the owner invested P20,000 cash.
(b) P4,000 worth of supplies were purchased for cash,
(c) P8,400 was received for services rendered to customers,
(d) P2,800 of the salaries was paid to employees,
(e) a customer was billed for P6,000 for services rendered,
(f) P10,000 was borrowed from the bank and
(g) the owner withdrew P7,000 for personal use.
Problem 1: After completing this transactions, total assets would be
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