Jaden Sales Company engaged in the following transactions for the month o September using the periodic inventory method. Sept. 1 Purchased goods from Mc Trading. Terms: 10-10, 1/20 EOM, 200,000 8 Returned 40 % defective goods Cash sales, P92,000 (cost, 55,000) d Purchased goods from Jamie Enterprises worth P51,000. A trade discou of 10,000 was granted. Terms 3/15 n/30 11 14

Jaden Sales Company engaged in the following transactions for the month o September using the periodic inventory method. Sept. 1 Purchased goods from Mc Trading. Terms: 10-10, 1/20 EOM, 200,000 8 Returned 40 % defective goods Cash sales, P92,000 (cost, 55,000) d Purchased goods from Jamie Enterprises worth P51,000. A trade discou of 10,000 was granted. Terms 3/15 n/30 11 14

Name: Sept. 17Sold goods to Bret Trading on credit. Terms of 2/10 n/30, 200
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Description: Sept. 17Sold goods to Bret Trading on credit. Terms of 2/10 n/30, 200,000 (cost,118,000)02231Received returned goods from September 17 sale, P80,000 (cost, P48,000)18212728Full settlement of account from the purchase of Sept 1429 Cash purchases, 90,

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 37E: Analyzing the Accounts Casey Company uses a perpetual inventory system and engaged in the following...

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