At the start of the period the accounts payable balance was P75,000 and the unused supplies has a balance of P5,000. Total purchases on account amounted to P180,000 during the period including the supplies purchase of P15,000. At the end of the year, the unused supplies balance is P5,000 and the accounts payable balance is P40,000. The supplies expense for the period is P20,000 P15,000 P4,500 P 15,500
At the start of the period the accounts payable balance was P75,000 and the unused supplies has a balance of P5,000. Total purchases on account amounted to P180,000 during the period including the supplies purchase of P15,000. At the end of the year, the unused supplies balance is P5,000 and the accounts payable balance is P40,000. The supplies expense for the period is P20,000 P15,000 P4,500 P 15,500
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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At the start of the period the accounts payable balance was P75,000 and the unused supplies has a balance of P5,000. Total purchases on account amounted to P180,000 during the period including the supplies purchase of P15,000. At the end of the year, the unused supplies balance is P5,000 and the accounts payable balance is P40,000. The supplies expense for the period is
P20,000
P15,000
P4,500
P 15,500
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