net sales from the above transactions? 12. Silver Co. sold merchandise to Bronze Co. on account, P23,000, terms 2/15, net The Bronze Co. paid the invoice within the discount period. What is amount of memorandum for P2,500 for merchandise returned that originally cost P1,900. 45. The cost of the merchandise sold is P18,500. Silver Co. issued a credit a. P20,090 b. P20,500 C. P3,490 d. P23,000
net sales from the above transactions? 12. Silver Co. sold merchandise to Bronze Co. on account, P23,000, terms 2/15, net The Bronze Co. paid the invoice within the discount period. What is amount of memorandum for P2,500 for merchandise returned that originally cost P1,900. 45. The cost of the merchandise sold is P18,500. Silver Co. issued a credit a. P20,090 b. P20,500 C. P3,490 d. P23,000
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 34E
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