4. Owner, Marco invested an initial capital amounting P70,000 in order to put up his Computer Services. During the first year of operations, the business had a loss of Php30,000 because of this Marco invested additional capital amounting to Php70,000 in 2018. In the second year, the company had a net income of Php120,000 and Marco withdrew Php50,000 for his personal use. Compute for the ending capital balance of Marco for the year 2019.

Levi Ackerman decided to resign from his current job and start his own café. He is investing $50,000 of his own money and took out a business loan worth $100,000. Levi handed in his resignation in May 2021, purchased and fully paid for an established café costing $109,000 in June 2021, and plans to open shop on 1 July 2021. Additional information: • Annual depreciation for the non-current assets taken over from the previous owner totals $18,000. Additional equipment costing $5,000 were purchased and paid for in June. These equipment are depreciated on a straight-line basis and have an expected useful life of ten years with no residual value. Assume that monthly payment for the loan is $780, of which $240 relates to interest payment and the remainder relates to principal repayment. One month's credit is received from inventory suppliers and Levi will utilise this payment term, paying the amounts owed one day before it is due. Inventories costing $4,000 are acquired in June 2021.…

John Mason is the owner and president of Digital Imagery and More Ltd., a company in the multimedia industry. The revenue of the business is about $ 20 million a year. In the past few years, John has spent the following: Swimming pool built at his home: $40 000 Renovations to his cottage: $7500 • Landscaping around his home: $4000 Although each of these expenditures was of a personal nature, Mason requested that invoices for the charges be sent to his company, Digital Imagery and More Ltd. All of the expenditures were recorded in the books of the company in various expense accounts. a. As his accountant, what will you advise John to do? In your answer, be sure to include accounting principles and CPA Code of Conduct reference.

Mzanzi (Pty) Ltd was established June 1, 2016, by two students majoring in education. The twoentrepreneurs provided entertainment for children’s birthday parties to supplement their collegecareer. The following transactions occurred during the first month of operations:June 1: Received contribution of R6,000 from each of the two principal owners of the new businessin exchange for ordinary shares in the business.June 1: Purchased lighting equipment for R300 on an open account. The company has 30 days topay for the equipment.June 5: Registered as a vendor with the city and paid the R25 monthly fee.June 9: Purchased an event tent to set up at parties for R2,400 cash.June 10: Purchased R100 in miscellaneous supplies on account. The company has 30 days to payfor the supplies.June 15: Paid a R75 bill from local printer for advertisement signs.June 17: Customers paid for services with cash of R1,500.June 24: Billed the local park district R800 entertainment provided to a summer camp.The park…