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A Following is a random list of some of the accounts and their December 31, 2020, balances for J Maramba Leather Company. All account balances are normal. Purchases 470,000 very expense 23,000 45,000 17,000 31,000 P330,000 470,000 24,000 Sales revenue Sales discounts Insurance expense Purchase returns and allow. 49,000 J. Maramba, capital Utilities expense 27,000 16,000 Interest revenue Salary expense Freight in Purchase discounts Sales returns and allowances Interest expense 35,000 14,000 Depreciation expense-equipment 40,000 18,000 10,000 J. Maramba, withdrawals 18,000 The beginning and ending amounts for inventory are P58,000 and P65,000, respectively. Fill in the missing amounts for each case in the table presented below: A B D P 9,100 P7,200 9,000 P 6,000 е. Beginning inventory Net purchases Freight in Cost of goods avail. for sale Ending inventory Cost of goods sold P32,700 32,000 а. 500 с. 950 1,200 45,600 17,250 5,375 g. 14,850 50,000 b. h. 32,600 d. f. 14,800

A Following is a random list of some of the accounts and their December 31, 2020, balances for J Maramba Leather Company. All account balances are normal. Purchases 470,000 very expense 23,000 45,000 17,000 31,000 P330,000 470,000 24,000 Sales revenue Sales discounts Insurance expense Purchase returns and allow. 49,000 J. Maramba, capital Utilities expense 27,000 16,000 Interest revenue Salary expense Freight in Purchase discounts Sales returns and allowances Interest expense 35,000 14,000 Depreciation expense-equipment 40,000 18,000 10,000 J. Maramba, withdrawals 18,000 The beginning and ending amounts for inventory are P58,000 and P65,000, respectively. Fill in the missing amounts for each case in the table presented below: A B D P 9,100 P7,200 9,000 P 6,000 е. Beginning inventory Net purchases Freight in Cost of goods avail. for sale Ending inventory Cost of goods sold P32,700 32,000 а. 500 с. 950 1,200 45,600 17,250 5,375 g. 14,850 50,000 b. h. 32,600 d. f. 14,800

FINANCIAL ACCOUNTING
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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A Following is a random list of some of the accounts and their December 31, 2020, balances for J Maramba Leather Company. All account balances are normal. Purchases Sales revenue Delivery expense Sales discounts Insurance expense Purchase returns and allow. 49,000 J. Maramba, capital Utilities expense P330,000 470,000 23,000 45,000 24,000 27,000 16,000 Interest revenue Salary expense Freight in Purchase discounts 17,000 35,000 14,000 31,000 40,000 Sales returns and allowances Interest expense Depreciation expense-equipment 10,000 18,000 18,000 J. Maramba, withdrawals The beginning and ending amounts for inventory are P58,000 and P65,000, respectively. Fill in the missing amounts for each case in the table presented below: A P 6,000 B D P 7,200 9,000 P 9,100 32,000 1,200 е. Beginning inventory Net purchases Freight in Cost of goods avail. for sale Ending inventory Cost of goods sold P32,700 а. 500 с. 950 50,000 17,250 45,600 g. b. 5,375 14,850 h. 32,600 d. f. 14,800
Transcribed Image Text:A Following is a random list of some of the accounts and their December 31, 2020, balances for J Maramba Leather Company. All account balances are normal. Purchases Sales revenue Delivery expense Sales discounts Insurance expense Purchase returns and allow. 49,000 J. Maramba, capital Utilities expense P330,000 470,000 23,000 45,000 24,000 27,000 16,000 Interest revenue Salary expense Freight in Purchase discounts 17,000 35,000 14,000 31,000 40,000 Sales returns and allowances Interest expense Depreciation expense-equipment 10,000 18,000 18,000 J. Maramba, withdrawals The beginning and ending amounts for inventory are P58,000 and P65,000, respectively. Fill in the missing amounts for each case in the table presented below: A P 6,000 B D P 7,200 9,000 P 9,100 32,000 1,200 е. Beginning inventory Net purchases Freight in Cost of goods avail. for sale Ending inventory Cost of goods sold P32,700 а. 500 с. 950 50,000 17,250 45,600 g. b. 5,375 14,850 h. 32,600 d. f. 14,800
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