J.M. Paculan, withdrawals Sales discounts 000 T 000's 000'S 000 000'LL Purchases Ending inventory Operating expenses 000' 000'6 000'LL Sales returns and allowances Purchase discounts Beginning inventory Freight in Sales revenue 000' 000'009d 9. h ollowin ata s or he .M aculan Corporation:
J.M. Paculan, withdrawals Sales discounts 000 T 000's 000'S 000 000'LL Purchases Ending inventory Operating expenses 000' 000'6 000'LL Sales returns and allowances Purchase discounts Beginning inventory Freight in Sales revenue 000' 000'009d 9. h ollowin ata s or he .M aculan Corporation:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Multiple choice
Transcribed Image Text:Sales revenue
P600,000
Freight in
Beginning inventory
Purchase discounts
000
000'LL
000'6
Sales returns and allowances
Operating expenses
Ending inventory
000'
000'LL
000'
Purchases
415,000
Sales discounts
J.M. Paculan, withdrawals
000'SE
000 TL
Cost
408
9. The following data is for the J.M Paculan Corporation:
Transcribed Image Text:Purchase returns and allowances
39,000
The total cost of goods available for sale for the J.M. Paculan Corporation
is:
a. P489,000
b. P408,000
C. P476,000
d. P441,000
count,
The cost of goods sold for J.M. Paculan Corporation is:
a. P524,000
b. P489,000
C. P557,000
d. P395,000
yer of
a:
balances to zero:
for doubtful accounts
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