Santos Company had the following transactions for the month of August 1. Aug. 8, 2020 2....
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Santos Company had the following transactions for the month of August 1. Aug. 8, 2020 2. Aug. 5, 2020 3. Aug. 8, 2020 Made an additional investment of P10,000 cash. Borrowed P50,000 from a bank. Purchased 1,000 units of merchandise at P15 per unit in cash. 4. Aug. 15, 2020 Purchased 2,000 units of merchandise at P20 per unit on credit; 5. Aug 20, 2020 Purchased equipment and paid P50,000 in cash Santos Company had the following transactions for the month of August 1. Aug. 8, 2020 2. Aug. 5, 2020 3. Aug. 8, 2020 Made an additional investment of P10,000 cash. Borrowed P50,000 from a bank. Purchased 1,000 units of merchandise at P15 per unit in cash. 4. Aug. 15, 2020 Purchased 2,000 units of merchandise at P20 per unit on credit; 5. Aug 20, 2020 Purchased equipment and paid P50,000 in cash
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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