Solution manual fundamentals of accounting by cabrera chapter 09

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... total assets and total liabilities and owner’s equity of P155,000 One possible explanation is since the “net loss” account has a credit balance of P155,000 and just erroneously included in the current... 11 Green Badge Service Preparation of Adjusted Trial Balance October 31, 2007 Trial Balance Debit Credit Cash 30,000 Accounts receivable 65,000 Supplies 10,400 Office furniture Adjustments Debit... 80,000 670,000 Measuring Business Income: The Adjusting Process Exercise PUB Service Co Statement of Owner’s Equity For the year ended December 31, _ Miguel Roces, Capital, January Add Net Income
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