The amount of cash received by Faura is

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On August 05, 2021, Faura shipped 20 dining sets on consignment to Furning Outlet Inc. The cost of each dining set was P350. The cost of shipping the dining sets amounted to P1,800 and was paid for by Faura. On December 31, 2021, the consignee reported the sale of 15 dining sets at P850 each. The consignee remitted payment for the amount due after deducting a 10% commission, advertising expense of P300 and installation & set-up costs of P390. 

The amount of cash received by Faura is

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