Comb & Scissors Services was owned by Lito Ganda. He invested the following: Cash P35,000; Parlor supplies P7,200; Furnitures P16,400; and second hand parlor equipment P38,000. During the first week of operations, he made the following payments: business permits P4,830, transportation expenses P550 and installation of lights & water P3,250. How much was the cash balance after all the disbursements?

Answer rating: 100% (QA)

To compute for the cash balance we need to subtract the total expense... View the full answer