B125 Exercises Davao Co. manufactures flat screen TV and sells it @ K3,500 each. Company logo coupons of 10 is equivalent of K25 remittance and a portable hard drive will be given which cost the company K150 and it is estimated that 90% of the logo coupons will be redeemed. Show your calculation. 6,000 flat screen TV sets manufactured 5,500 TV sets sold Before the end of the year Davao Company redeemed 80% logo coupons. Requirements: 1. Record the Sales 2. Record the purchase of the premiums (hard drive) 3. Record the redemption of 80% logo coupons 4. Record the liability on the premiums at the end of the year and 5. Prepare the financial statement classification.
B125 Exercises Davao Co. manufactures flat screen TV and sells it @ K3,500 each. Company logo coupons of 10 is equivalent of K25 remittance and a portable hard drive will be given which cost the company K150 and it is estimated that 90% of the logo coupons will be redeemed. Show your calculation. 6,000 flat screen TV sets manufactured 5,500 TV sets sold Before the end of the year Davao Company redeemed 80% logo coupons. Requirements: 1. Record the Sales 2. Record the purchase of the premiums (hard drive) 3. Record the redemption of 80% logo coupons 4. Record the liability on the premiums at the end of the year and 5. Prepare the financial statement classification.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:B125 Exercises
Davao Co. manufactures flat screen TV and sells it @ K3,500
each. Company logo coupons of 10 is equivalent of K25
remittance and a portable hard drive will be given which
cost the company K150 and it is estimated that 90% of the
logo coupons will be redeemed. Show your calculation.
6,000 flat screen TV sets manufactured
5,500 TV sets sold
Before the end of the year Davao Company redeemed
80% logo coupons. Requirements: 1. Record the Sales
2. Record the purchase of the premiums (hard
drive) 3. Record the redemption of 80% logo
Coupons 4. Record the liability on the premiums at
the end of the year and 5. Prepare the financial
statement classification.
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