Quiz 11 Unit 6

PROBLEM 2

P 1,375,000 P 1,200,000
750,000 1,375,000
1,875,000 2,250,000
1,700,000 1,625,000
3,125,000 2,800,000

P 8,825,000 P 9,250,000

A. P 425,000 GAIN

Capital P 1,500,000
Retained Earnings 238,000
Gain 425,000
Adjusted Capital P 2,163,000

TOTAL LIABILITIES P 1,700,000

TOTAL CAPITAL P 2,163,000
Less: TOTAL ASSET P 1,375,000
CASH ENDING BALANCE P 2,488,000