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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Question 16
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
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
Purchase Returns & Allowances
Purchase discount
Sales Returns & Allowances
Sales discount
How much is the total of the debit balances?
P 19,500
OD
not given
P 14,900
P 17,000
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