PlantTita Company reported the following data for the current year: Legal and audit fees P10,000 Rent for office space equally shared by sales and accounting 150,000 Transportation out 20,000 Officer’s salaries 80,000 Insurance 5,000 Sales representative salaries 80,000 Transportation in 15,000 Doubtful accounts 2,000 Loss on sale of trading investments 10,000 Advertising expenses 50,000 Office supplies used 8,000 16. What amount should be classified as administrative expenses? a. P190,000 b. P180,000 c. P200,000 d. P195,000 17. What amount should be classified as distribution expenses? a. P300,000 b. P235,000 c. P220,000 d. P225,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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PlantTita Company reported the following data for the current year:

Legal and audit fees P10,000
Rent for office space equally shared by sales and accounting 150,000
Transportation out 20,000
Officer’s salaries 80,000
Insurance 5,000
Sales representative salaries 80,000
Transportation in 15,000
Doubtful accounts 2,000
Loss on sale of trading investments 10,000
Advertising expenses 50,000
Office supplies used 8,000


16. What amount should be classified as administrative expenses?
a. P190,000
b. P180,000
c. P200,000
d. P195,000


17. What amount should be classified as distribution expenses?
a. P300,000
b. P235,000
c. P220,000
d. P225,000

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