lsarog is a common carrier. with passenger buses and cargo trucks. For the month of June 2018, it had the following data on gross revenues and receipts (exclusive of taxes): For transporting passengers (receipts)                  P660,000 For transporting cargoes (revenues).                            440,000 Actual receipts amounted only to P400, 000. For renting out to the MMDA its towing trucks (receipts)        100,000 P20,000 represents revenue from the first quarter and the balance

Newton general merchandise had the following transactions in march 2021:March 2 Purchased merchandise to Php 36,000. Terms: 2/10, n/30 FOB shipping point. Paid the freign bill amounting to Php 4,000.March 5 Returned Php 3,000 of the merchandise purchased on March 2 because they were defective.March 8 Sold merchandise on account for Php 10,000. Terms 3/15, n/30. The cost of the merchandise sold was Php 6,000.March 10 Paid the purchase made on March 2 less the return and the discount.March 12 Received Php 2,000 of the merchandise sold on March 8. The cost of the merchandise returned was Php 1,200.March 22 Received cash from the March 8 custome in full settlement of his account less the return of the discount. Prepare the appropriate journal entries for both periodic and perpetual inventory systems.

d) Prepare a properly classified report form of statement of fin Rent Deposit is classified as Other Non-Current Asset after Property and Equipment 4. Using the cash data in Problem 3, analyze its movement (inflow or outflow) in a working paper. Give the net flow of cash from its operating, financing and investing activities. 5. On July 1 of the current year Kenneth Brown formed the Pampanga Transport Line popularly called PTL. The following transactions occurred for the month of July: 1 The owner invested cash of P1,000,000. 2 Bought furniture and fixtures making a 50% down payment of P150,000 with the balance on account. 5 Second hand buses were ordered from Japan, through its domestic dealer Hino Motors Corporation, amounting to 8,444,000 in Japanese yens. A yen is equal to P.45. The amount was loaned by Hong Kong and Shanghai Bank after Brown issued a five-year promissory note. 8 The buses were delivered by Hino Motors. 10 Entered into an agreement with Petron who will supply the…

(ADOPTED) Newton General Merchandise had the following transactions in March 2021:March 2Purchased merchandise amounting to Php 36,000. Terms: 2/10, n/30 FOB shipping point. Paid the freight bill amounting to Php 4,000.March 5Returned Php 3,000 of the merchandise purchased on March 2 because they were defective.March 8Sold merchandise on account for Php 10,000. Terms 3/15, n/30. The cost of the merchandise sold was Php 6,000.March 10Paid the purchase made on March 2 less the return and the discount.March 12Received Php 2,000 of the merchandise sold on March 8. The cost of the merchandise returned was Php 1,200.March 22Received cash from the March 8 customer in full settlement of his account less the return and the discount.REQUIRED:Prepare the appropriate journal entries for both periodic and perpetual inventory systems.

Venus Corp. sold goods, with a selling price of $18,421, for cash. The state sales tax rate is 8%. What amount is credited to the Sales Revenue account? (Round calculations to the nearest dollar.) XA. $1,474 B. $16,947 C. $18,421 O D. $19,895

Please answer the question correctly. Thank you.

MD Company started business at the beginning of current year. The entity established an allowance for doubtful accounts estimated at 5% credit sales. During the year, the entity wrote off Php20,000 of uncollectible accounts. Merchandise purchased amounted to Php18,000,000 and ending merchandise inventory was Php3,000,000. Goods were sold at 20% above cost. The total sales comprised 80% sales on account and 20% cash sales. Total collections from customers, excluding cash sales, amounted to Php12,000,000. What is the net realizable value of accounts receivable at year-end?

MD Company started business at the beginning of current year. The entity established an allowance for doubtful accounts estimated at 5% credit sales. During the year, the entity wrote off Php20,000 of uncollectible accounts. Merchandise purchased amounted to Php18,000,000 and ending merchandise inventory was Php3,000,000. Goods were sold at 20% above cost. The total sales comprised 80% sales on account and 20% cash sales. Total collections from customers, excluding cash sales, amounted to Php12,000,000. What is the net realizable value of accounts receivable at year-end? Your answer

Germany Company started business at the beginning of current year. The entity established an allowance for doubtful accounts estimated at 5% credit sales.During the year, the entity wrote off Php50,000 of uncollectible accounts.Merchandise purchased amounted to Php9,000,000 and ending merchandise inventory was Php1,500,000. Goods were sold at 40% above cost.The total sales comprised 80% sales on account and 20% cash sales. Total collections from customers, excluding cash sales, amounted to Php6,000,000.What amount should be reported as sales on account?What is the net realizable value of accounts receivable at year-end?

D1.