DN Trading had the following selected transactions on November 5: Purchase of furniture on account, P24,000 Purchase of merchandise for P31,000 less 10 on terms 40% down and the balance 2/10 n/30 Sale of merchandise for P59,000 for cash. Paid for the repair of one air-conditioning unit, P3,280. Collected a customer’s account, P15,880 How much was the total amount credited to Cash?
DN Trading had the following selected transactions on November 5: Purchase of furniture on account, P24,000 Purchase of merchandise for P31,000 less 10 on terms 40% down and the balance 2/10 n/30 Sale of merchandise for P59,000 for cash. Paid for the repair of one air-conditioning unit, P3,280. Collected a customer’s account, P15,880 How much was the total amount credited to Cash?
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 24EA: Post the following November transactions to T-accounts for Accounts Payable and Inventory,...
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FDN Trading had the following selected transactions on November 5:
Purchase of furniture on account, P24,000
Purchase of merchandise for P31,000 less 10 on terms 40% down and the balance 2/10 n/30
Sale of merchandise for P59,000 for cash.
Paid for the repair of one air-conditioning unit, P3,280.
Collected a customer’s account, P15,880
How much was the total amount credited to Cash?
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