ther with a remittance puld Northup recogniz®
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:9. On November 30, 20x1, Northup Co. consigned 90 freezers to Watson Co. for sale at P1,600 each and
paid P1,200 in transportation costs. A report of sales was received on December 30, 20x1 from
Watson reporting the sale of 20 freezers, together with a remittance that was net of the agreed 15%
commission. How much, and what month, should Northup recognize as sales revenue?
November
December
32,000
27,200
November
с. 144,000
d. 142,800
December
a. 0
b. 0
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