KATE COMPANY POST CLOSING TRIAL BALANCE December 31, 2016 Cash Accounts Receivable ₱16,800.00 ₱6,600.00 Allowance for Doubtful Accounts Merchandise Inventory Prepaid Insurance Office Supplies Store Equipment ₱800.00 ₱10,000.00 ₱600.00 ₱1,000.00 ₱15,000.00 Accumulated Depreciation - Store Equipment Office Equipment ₱4,800.00 ₱12,000.00 Accumulated Depreciation - Office Equipment ₱4,500.00 Accounts Payable ₱10,000.00 Utilities Payable ₱24,000.00 Kate, Capital ___________ ₱62,000.00 ₱17,900.00 ₱62,000.00 Question: From ₱26,600.00 why did it became 17,900? 26,600 3,700 Less: Due to Net Loss 22,900 5,000 Less: Due to Drawing 17,900