Alegria Inc. sells Alegria Sizzling Fried Chicken in 2022 February. Alegria Inc. had the following transactions with Simon's Franchise Company. January 5, 2022 January 10, 2022 January 15, 2022 January 16, 2022 Received an order from Ana's Beauty Salon for 20 Boxes of Sizzling Fried Chicken. Each box is being sold at P2,000.00 Alegria Sizzling Fried Chicken delivered 12 boxes of Ana's order. Alegria Sizzling Fried Chicken delivered 6 more boxes. Alegria Sizzling Fried Chicken received 2 boxes returned by Ana's Beauty Salon. January 20, 2022 Requirement: o Determine the Net sales to Ana Beauty Salon. o Show the transaction in pertinent T-Accounts. o What account titles are affected in the above mentioned transaction. Alegria Sizzling Fried Chicken received PhP20,000. From Ana's Beauty Salon as partial payment.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Please answer the required question below
Alegria Inc. sells Alegria Sizzling Fried Chicken in 2022 February. Alegria Inc. had the
following transactions with Simon's Franchise Company.
January 5, 2022
January 10, 2022
January 15, 2022
January 16, 2022
Received an order from Ana's Beauty Salon for 20 Boxes of
Sizzling Fried Chicken. Each box is being sold at P2,000.00
Alegria Sizzling Fried Chicken delivered 12 boxes of Ana's order.
Alegria Sizzling Fried Chicken delivered 6 more boxes.
Alegria Sizzling Fried Chicken received 2 boxes returned by Ana's
Beauty Salon.
January 20, 2022
Requirement:
o Determine the Net sales to Ana Beauty Salon.
o Show the transaction in pertinent T-Accounts.
o What account titles are affected in the above mentioned transaction.
Alegria Sizzling Fried Chicken received PhP20,000. From Ana's
Beauty Salon as partial payment.
Transcribed Image Text:Alegria Inc. sells Alegria Sizzling Fried Chicken in 2022 February. Alegria Inc. had the following transactions with Simon's Franchise Company. January 5, 2022 January 10, 2022 January 15, 2022 January 16, 2022 Received an order from Ana's Beauty Salon for 20 Boxes of Sizzling Fried Chicken. Each box is being sold at P2,000.00 Alegria Sizzling Fried Chicken delivered 12 boxes of Ana's order. Alegria Sizzling Fried Chicken delivered 6 more boxes. Alegria Sizzling Fried Chicken received 2 boxes returned by Ana's Beauty Salon. January 20, 2022 Requirement: o Determine the Net sales to Ana Beauty Salon. o Show the transaction in pertinent T-Accounts. o What account titles are affected in the above mentioned transaction. Alegria Sizzling Fried Chicken received PhP20,000. From Ana's Beauty Salon as partial payment.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting for Impairment of Assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education