The Cash Receipts Journal of the Denver Nuggets Company shows the following accounts and account balances Sales- P125,000 Accounts receivable-P65,000 Sundry accounts (credit): P1,802,650 If sales discount is 4% of sales balance, how much is the total debit to cash per cash receipts journal?
The Cash Receipts Journal of the Denver Nuggets Company shows the following accounts and account balances Sales- P125,000 Accounts receivable-P65,000 Sundry accounts (credit): P1,802,650 If sales discount is 4% of sales balance, how much is the total debit to cash per cash receipts journal?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Cash Receipts Journal of the Denver Nuggets Company shows the following accounts and account balances
Sales- P125,000
Accounts receivable -P65,000 Sundry accounts (credit): P1,802,650
If sales discount is 4% of sales balance, how much is the total debit to cash per cash receipts journal?
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