Rodriguez and Ying started a partnership on July 1, 2019. Rodriguez contributes P4T00 casH, furniture with a current market value of P47,000, outstanding accounts payable of P16,000 and computer equipment originally costing P48,000 with recorded accumulated depreciation of P28,000, but with a current market value of P18,000. a. Rodriguez, Capital will be credited for b. Total asset investment of Rodriguez amounts to

Rodriguez and Ying started a partnership on July 1, 2019. Rodriguez contributes P4T00 casH, furniture with a current market value of P47,000, outstanding accounts payable of P16,000 and computer equipment originally costing P48,000 with recorded accumulated depreciation of P28,000, but with a current market value of P18,000. a. Rodriguez, Capital will be credited for b. Total asset investment of Rodriguez amounts to

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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