The following are forecasts of sales and purchases for KWANGYA Company: Sales Purchases April P80,000 P30,000 May P90,000 P40,000 June P85,000 P30,000 Purchases are all paid the following month at a 2 percent discount. Cash disbursements for operating expenses in June were P5,000. How much is the total cash payment for purchases and operating expenses for the month of June? A P35,000 B P86,500 P85,500 D P44,200

The following are forecasts of sales and purchases for KWANGYA Company: Sales Purchases April P80,000 P30,000 May P90,000 P40,000 June P85,000 P30,000 Purchases are all paid the following month at a 2 percent discount. Cash disbursements for operating expenses in June were P5,000. How much is the total cash payment for purchases and operating expenses for the month of June? A P35,000 B P86,500 P85,500 D P44,200

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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