the amount of the cash discount allowable? a. P160 b. P150 C. P140 d. P100

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Multiple choice
sold
on
Costs of
the amount of the cash discount allowable?
P160
a.
b. P150
P140
С.
d. P100
19. The entry to record the return of merchandise from a customer would in
a
a.
debit to Sales
b. credit to Sales
C. debit to Sales Returns and Allowances
d credit to Sales returns and Allowances
A sales invoice included the following information: merchandise price
transportation, P300; terms 1/10, n/eom, FOB shippin
Transcribed Image Text:sold on Costs of the amount of the cash discount allowable? P160 a. b. P150 P140 С. d. P100 19. The entry to record the return of merchandise from a customer would in a a. debit to Sales b. credit to Sales C. debit to Sales Returns and Allowances d credit to Sales returns and Allowances A sales invoice included the following information: merchandise price transportation, P300; terms 1/10, n/eom, FOB shippin
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