The following transactions occurred in Nanon Company: a. Nanon, the owner, invested P25,000,000 and obtained P100,000,000 loan from a bank. b. The company purchased a manufacturing plant for business amounting to P152,000,000 for cash. c. It also purchased goods for sale on cash amounting to P250,000. d. There were sales of goods on credit amounting to P550,000. e. The company purchased goods for sale on credit amounting to P450,000. f. The company returned goods to the supplier amounting to P50,000 which was evidence by a credit memo from the supplier. g. Various accruals were recorded at the end of the period amounting to P30,000. From the above transactions, what is the total amount to be recorded in the Cash Receipts Journal? P150,250,000 P150,000,000 P150,300,000 P125,000,000
The following transactions occurred in Nanon Company:
a. Nanon, the owner, invested P25,000,000 and obtained P100,000,000 loan from a bank.
b. The company purchased a manufacturing plant for business amounting to P152,000,000 for cash.
c. It also purchased goods for sale on cash amounting to P250,000.
d. There were sales of goods on credit amounting to P550,000.
e. The company purchased goods for sale on credit amounting to P450,000.
f. The company returned goods to the supplier amounting to P50,000 which was evidence by a credit memo from the supplier.
g. Various accruals were recorded at the end of the period amounting to P30,000.
From the above transactions, what is the total amount to be recorded in the Cash Receipts Journal?
P150,250,000
P150,000,000
P150,300,000
P125,000,000
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