NEED ASAP
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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NEED ASAP
Transcribed Image Text:PROBLEM 7-8
equal semi-annual installments of P50,000 starting June 30, 2021. The prevailing
who issued a non-interest-bearing note in the amount of P250,000, payable in 5
On January 1, 2021, Jorge Company sold merchandise costing P150,000 to Jomari,
interest rate is 12%.
How much is the realized gross profit in the company's December 31, 2021 Financial
Statements?
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