Arnold Law Office reported total assets of P1,350,000, capital of P755,000, notes payable of P155,000,...

70.2K

Verified Solution

Question

Accounting

Arnold Law Office reported total assets of P1,350,000, capital of P755,000, notes payable of P155,000, accrued salaries expense of P22,000 and unearned service income of P52,153. If a liability other than those mentioned is accounts payable, how much is its balance?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students