The following items were taken from the records of D.J, Palaming Car Company: Salary payable Sales revenue P 1,100 480,000 20,000 Freight in Beginning inventory Sales discounts 35,000 18,000 240,000 Purchases of inventory Purchase returns and allowances Purchase discounts 35,000 10,000 35,000 80,000 85,000 Sales returns and allowances Ending inventory Operating expenses Cost of goods available for sale for D.J. Palaming Car Company is:
The following items were taken from the records of D.J, Palaming Car Company: Salary payable Sales revenue P 1,100 480,000 20,000 Freight in Beginning inventory Sales discounts 35,000 18,000 240,000 Purchases of inventory Purchase returns and allowances Purchase discounts 35,000 10,000 35,000 80,000 85,000 Sales returns and allowances Ending inventory Operating expenses Cost of goods available for sale for D.J. Palaming Car Company is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Multiple choice
![FUNDAMENTALS OF ACCOUNTING
a. P155,000
b. P225,000
C. P270,000
d. P250,000
13. Cost of goods sold for D.J. Palaming Car Company is:
a. P170,000
b. P180,000
C. P330,000
d. P220,000
ed in the en](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fef746e68-1fd9-46ce-ac1c-7d88ff2d77b9%2F2eb89da1-054a-4483-b694-6034019783c5%2Fvuw1mqr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:FUNDAMENTALS OF ACCOUNTING
a. P155,000
b. P225,000
C. P270,000
d. P250,000
13. Cost of goods sold for D.J. Palaming Car Company is:
a. P170,000
b. P180,000
C. P330,000
d. P220,000
ed in the en
![discounts
The following items were taken from the records of D.J. Palaming Car
Company:
Salary payable
Sales revenue
P 1,100
480,000
Freight in
Beginning inventory
Sales discounts
20,000
35,000
18,000
240,000
35,000
10,000
35,000
80,000
85,000
Purchases of inventory
Purchase returns and allowances
Purchase discounts
Sales returns and allowances
Ending inventory
Operating expenses
Cost of goods available for sale for D.J. Palaming Car Company is:
409](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fef746e68-1fd9-46ce-ac1c-7d88ff2d77b9%2F2eb89da1-054a-4483-b694-6034019783c5%2Fmkfv8dl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:discounts
The following items were taken from the records of D.J. Palaming Car
Company:
Salary payable
Sales revenue
P 1,100
480,000
Freight in
Beginning inventory
Sales discounts
20,000
35,000
18,000
240,000
35,000
10,000
35,000
80,000
85,000
Purchases of inventory
Purchase returns and allowances
Purchase discounts
Sales returns and allowances
Ending inventory
Operating expenses
Cost of goods available for sale for D.J. Palaming Car Company is:
409
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