CBA Co.'s adjusted trial balance at December 31, 2020 included the following expense accounts: Advertising Loss on sale of trading securities Loss on sale of store equipment Rent for office space Freight out Sales salaries and commissions Transportation in P500,000 30,000 20,000 360,000 150,000 400,000 15,000 The sales department occupies one-half of the office space. Total selling expenses for 2020 must be P900,000 P1,050,000 P1,080,000 P1,230,000 Answer not given

CBA Co.'s adjusted trial balance at December 31, 2020 included the following expense accounts: Advertising Loss on sale of trading securities Loss on sale of store equipment Rent for office space Freight out Sales salaries and commissions Transportation in P500,000 30,000 20,000 360,000 150,000 400,000 15,000 The sales department occupies one-half of the office space. Total selling expenses for 2020 must be P900,000 P1,050,000 P1,080,000 P1,230,000 Answer not given

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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