Samgyupsalamat mployees are given 10% commissions based on sales made every quarter starting January 1, 2019. The commission will be 15 days after the close of the quarter. As of December 31, 2019, the company paid a total of P1,500,000 and the total expense is P2,600,000. If the sales were in the 1st quarter is 25% less than the 2nd quarter and the 3rd quarter is P120,000 higher than the 2nd quarter, how much is the commission expense recognized in the 1st, 2nd, 3rd and 4th quarter, respectively?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Samgyupsalamat mployees are given 10% commissions based on sales made every quarter starting January 1, 2019. The commission will be 15 days after the close of the quarter. As of December 31, 2019, the company paid a total of P1,500,000 and the total expense is P2,600,000. If the sales were in the 1st quarter is 25% less than the 2nd quarter and the 3rd quarter is P120,000 higher than the 2nd quarter, how much is the commission expense recognized in the 1st, 2nd, 3rd and 4th quarter, respectively? 

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