Problem #2: On June 30, 2020 PSA Trading Co. has the following information: revenue from sales is P90,760; sales return is P35.500: cost of goods sold is P8,490; salaries cost P 14,600, rent is P8,000: "ght and wWater expenses are P7.550 and miscellaneous expenses are P9,520.Generate an income statement and find: a. Gross Profit b. Net Profit or Loss

Problem #2: On June 30, 2020 PSA Trading Co. has the following information: revenue from sales is P90,760; sales return is P35.500: cost of goods sold is P8,490; salaries cost P 14,600, rent is P8,000: "ght and wWater expenses are P7.550 and miscellaneous expenses are P9,520.Generate an income statement and find: a. Gross Profit b. Net Profit or Loss

Name: Answer problem number 3 Problem #2: On June 30, 2020. PSA Trading Co.
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Description: Answer problem number 3 Problem #2: On June 30, 2020. PSA Trading Co. has the following information: revenue from sales isP90,760; sales return is P35.500: cost of goods sold is P8,490; salaries cost P 14,600; rent is P8,0003;nght and water expenses

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 77E: Ratio Analysis The following information was taken from Logsden Manufacturings trial balances as of...

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