Based on the following selected accounts provided to you by the chief accountant of Barbi Traders: Accrued interest income Accrued interest expense Prepaid Rent Unearned interest Allowance for Bad Debts Accumulated depreciation Freight in Freight out Purchase Retuns & Allowances Purchase discount Sales Returns & Allowances Sales discount P 4,600 2,500 5,000 1,400 5,400 10,000 2,000 1,500 1,400 2,600 7,300 3,700 How much is the total of the credit balances? 25,400 P 23,300 not given P 27,900

Based on the following selected accounts provided to you by the chief accountant of Barbi Traders: Accrued interest income Accrued interest expense Prepaid Rent Unearned interest Allowance for Bad Debts Accumulated depreciation Freight in Freight out Purchase Retuns & Allowances Purchase discount Sales Returns & Allowances Sales discount P 4,600 2,500 5,000 1,400 5,400 10,000 2,000 1,500 1,400 2,600 7,300 3,700 How much is the total of the credit balances? 25,400 P 23,300 not given P 27,900

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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