Huawey Company, a telco operator, entered into a contract with Badjyang on Feb. 1, 2019. In line with the contract, Badjyang subscribes for a monthly plan for 12 months and in return receives a free handset model 2019. Badjyang will pay a monthly fee of P1,800 starting Feb. 28, 2019 The standalone selling price of Huawey handset model 2019 is P6,000 and the monthly plans for P1,500 a month without the handset. 10. The amount of receivable recorded on Feb. 28, 2019 P1,500 P1,800 а. PO С. b. P1,350 d. 11. The total revenue for the period ended Dec. 31, 2019 amounted to: P20,250 d. P27,600 a. PO с. b. P24,000

Huawey Company, a telco operator, entered into a contract with Badjyang on Feb. 1, 2019. In line with the contract, Badjyang subscribes for a monthly plan for 12 months and in return receives a free handset model 2019. Badjyang will pay a monthly fee of P1,800 starting Feb. 28, 2019 The standalone selling price of Huawey handset model 2019 is P6,000 and the monthly plans for P1,500 a month without the handset. 10. The amount of receivable recorded on Feb. 28, 2019 P1,500 P1,800 а. PO С. b. P1,350 d. 11. The total revenue for the period ended Dec. 31, 2019 amounted to: P20,250 d. P27,600 a. PO с. b. P24,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 11EB: Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase,...

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