Question 16Based on the following selected accounts provided to you by the chief accountant of Barbi Traders:Accrued interest incomeAccrued interest expensePrepaid RentUnearned interestAllowance for Bad DebtsAccumulated depreciationFreight inFreight outP 4,6002,5005,0001,4005,40010,0002,0001,5001,4002,6007,3003,700Purchase Returns & AllowancesPurchase discountSales Returns & AllowancesSales discountHow much is the total of the debit balances?P 19,500ODnot givenP 14,900P 17,000

Trial Balance: Trial balance is a statement in which the ending balance of ledger accounts are…

Based on the following selected accounts provided to you by the chief accountant of Barbi Traders: P 4,600 2,500 5,000 1,400 5,400 10,000 2,000 1,500 1,400 2,600 7300 Accrued interest income Acerued interest expense Prepaid Rent Unearned interest Allowance for Bad Debes Accumulated depreciation Freight in Freight out Purchase Returns & Allowances Purchase discount Sales Returns & Allowances Sales discount 3,700 How much is the total of the debit balances? P 19,500 OD not given P 14,900 P 17.000

Based on the following selected accounts provided to you by the chief accountant of Barbi Traders: P 4,600 2,500 5,000 1,400 5,400 10,000 2,000 1,500 1,400 2,600 7300 Accrued interest income Acerued interest expense Prepaid Rent Unearned interest Allowance for Bad Debes Accumulated depreciation Freight in Freight out Purchase Returns & Allowances Purchase discount Sales Returns & Allowances Sales discount 3,700 How much is the total of the debit balances? P 19,500 OD not given P 14,900 P 17.000

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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