Carbonandum universe produces card board and has the below mentioned details for March 31, 2021: Particulars Opening inventory Amount P300,000 Purchases P2,016,000 Carriage inwards Wages Sales Returns inwards Return outwards | Closing inventory Pass necessary adjusting closing entries in the year end. P90,000 P150,000 P3,300,000 P300,000 P216.000 P600,000
Carbonandum universe produces card board and has the below mentioned details for March 31, 2021: Particulars Opening inventory Amount P300,000 Purchases P2,016,000 Carriage inwards Wages Sales Returns inwards Return outwards | Closing inventory Pass necessary adjusting closing entries in the year end. P90,000 P150,000 P3,300,000 P300,000 P216.000 P600,000
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 4.8C
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![Carbonandum universe produces card board and has the below mentioned
details for March 31, 2021:
Particulars
Amount
Opening inventory
P300,000
Purchases
P2,016,000
Carriage inwards
Wages
Sales
P90,000
P150,000
P3,300,000
Returns inwards
P300,000
Return outwards
Closing inventory
P216,000
P600,000
Pass necessary adjusting closing entries in the year end.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F388a2971-f055-4034-8c2e-fdd32814da69%2F492a9843-0bcd-41c4-85f0-aabff3971c94%2Fx5wjvy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Carbonandum universe produces card board and has the below mentioned
details for March 31, 2021:
Particulars
Amount
Opening inventory
P300,000
Purchases
P2,016,000
Carriage inwards
Wages
Sales
P90,000
P150,000
P3,300,000
Returns inwards
P300,000
Return outwards
Closing inventory
P216,000
P600,000
Pass necessary adjusting closing entries in the year end.
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