Expenses are given in the table below: 1. Juana Dela Cruz owns a trading bus for the year amounted W CIMCO Purchases P 655,000 Beginning inventory P 123,000 62,000 Ending inventory 144,000 Rental Depreciation 26,000 Representation 12,500 52,000 Transportation 20,000 Communication, light and water LE 000 Bad debt eYpense 5,500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Test II.
1. Juana Dela Cruz owns a trading business. Sales for the year amounted to P 1,765,000.
Expenses are given in the table below:
Beginning inventory
P 123,000
Purchases
P 655,000
62,000
Ending inventory
144,000
Rental
Representation
12,500
Depreciation
26,000
52,000
Transportation
20,000
Communication, light and water
Office supplies
15,000
Bad debt expense
5,500
Transcribed Image Text:Test II. 1. Juana Dela Cruz owns a trading business. Sales for the year amounted to P 1,765,000. Expenses are given in the table below: Beginning inventory P 123,000 Purchases P 655,000 62,000 Ending inventory 144,000 Rental Representation 12,500 Depreciation 26,000 52,000 Transportation 20,000 Communication, light and water Office supplies 15,000 Bad debt expense 5,500
a. Juana is married with two qualified dependent
b. Juana is single with three qualified dependent
NERGURGL VCcomut
Transcribed Image Text:a. Juana is married with two qualified dependent b. Juana is single with three qualified dependent NERGURGL VCcomut
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