An earth quake damaged a warehouse of Kupal Girl Corporation On December 31, 2011. The entire company and many accounting records stored
An earth quake damaged a warehouse of Kupal Girl Corporation On December 31, 2011. The entire company and many accounting records stored in the warehouse were completely destroyed. Although the inventory was not insured, a portion could be sold for scrap. Though the use of microfilmed records, the following data were gathered: Inventory, January 1, P1,000,000; Purchases, P4,400,000; Cash sales, P547,200; Collection of
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