please answer all the questions immediately thankyou 29. The information given below appears in...

60.1K

Verified Solution

Question

Accounting

image

image

please answer all the questions immediately thankyou

29. The information given below appears in the financial records at the end of the year of "The Spa" which is a health, beauty and fitness center. Cash Accounts Receivable Land Supplies P 95.000 70,000 150,000 15,000 Accounts Payable Furniture and Equipment Utilities Payable Building P 150,000 75,000 55,000 500,000 What was the owner's equity at the end of the year? INSTRUCTION: In writing your answer, no need to write peso sign and centavos. If your answer, for instance, is two hundred thousand, simply write in the "Enter Your Answer" box as 200,000. (1 Point) Enter your answer 31. The information given below appears in the financial records at the end of the year of "The Spa" which is a health, beauty and fitness center. Cash Accounts Receivable Land Supplies P 95,000 70,000 150,000 15,000 Accounts Payable Furniture and Equipment Utilities Payable Building P 150,000 75,000 55,000 500,000 If the owner's capital at the start of the year was P 400,000, no additional investments nor withdrawals were made, how much was net income or loss for the year? INSTRUCTION: In writing your answer, no need to write peso sign and centavos. If your answer, for instance, is two hundred thousand, simply write in the "Enter Your Answer" box as 200,000.* (1 Point) Enter your

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