Analysis
88. Entity A had a cash balance of ₱310,000 at the beginning of the period. During the period Entity A had the following transactions:
• Rendered services worth ₱420,000, on account.
• Obtained a ₱500,000 loan.
• Collected ₱270,000 accounts receivable.
• Paid total expenses of
₱680,000.
• Paid half of the loan.
