3. Company's Cost of Goods Sold amounted to Php285,000. Net cost of purchases totaled Php85,000. Beginning...

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3. Company's Cost of Goods Sold amounted to Php285,000. Net cost of purchases totaled Php85,000. Beginning inventory amounted to Php250,000. Sales amounted to Php 500,000. Compute for the company's Ending Inventory. Cash Accounts Receivable Provided here is an excerpt from the worksheet of Choi Sull Company's third Freight in - 100 month of operations Office Supplies Inventory Prepaid Expenses Insurance Prepaid Expenses-Rent Equipment Accumulated Depreciation Service Revenue Commissions Revenue Trial Balance Debit (Credit) 320,000 124,000 10.000 42.000 24,000 542.000 (11.583) Adjusted Trial Balance Debit (Credit) 320.000 124.000 8,000 30,000 20,000 542.000 (17,375) 4. Profit or Loss Credit Gross profit of Happy Selling amounted to Php 175,000. Beginning Inventory totaled Php 250,000. Ending Inventory amounted to Php 50,000 while Net Cost of Purchases totaled Php 85,000. Compute for Happy's Net Sales. 159.000 12.000 Other expenses amount to P65,000. How much is the company's net income for the month ended? Compute for the Cost of Goods Sold using the following: Sales - 15,000 Purchases - 2,000 Purchase returns - 200 Purchase discounts - 200 Beginning inventory - 1,000 Ending inventory - 500 PROFIT LOSS Happy Selling's Sales amounted to Php 500,000. Sales returns and sales discounts amounted to Php and 30,000 10,000 Php respectively. Purchases of the company totaled Php 100,000 while purchase returns and purchase discounts amounted to Php 20,000 and Php 10,000 respectively. How much is the company's Net Sales? Net Purchases? 3. Company's Cost of Goods Sold amounted to Php285,000. Net cost of purchases totaled Php85,000. Beginning inventory amounted to Php250,000. Sales amounted to Php 500,000. Compute for the company's Ending Inventory. Cash Accounts Receivable Provided here is an excerpt from the worksheet of Choi Sull Company's third Freight in - 100 month of operations Office Supplies Inventory Prepaid Expenses Insurance Prepaid Expenses-Rent Equipment Accumulated Depreciation Service Revenue Commissions Revenue Trial Balance Debit (Credit) 320,000 124,000 10.000 42.000 24,000 542.000 (11.583) Adjusted Trial Balance Debit (Credit) 320.000 124.000 8,000 30,000 20,000 542.000 (17,375) 4. Profit or Loss Credit Gross profit of Happy Selling amounted to Php 175,000. Beginning Inventory totaled Php 250,000. Ending Inventory amounted to Php 50,000 while Net Cost of Purchases totaled Php 85,000. Compute for Happy's Net Sales. 159.000 12.000 Other expenses amount to P65,000. How much is the company's net income for the month ended? Compute for the Cost of Goods Sold using the following: Sales - 15,000 Purchases - 2,000 Purchase returns - 200 Purchase discounts - 200 Beginning inventory - 1,000 Ending inventory - 500 PROFIT LOSS Happy Selling's Sales amounted to Php 500,000. Sales returns and sales discounts amounted to Php and 30,000 10,000 Php respectively. Purchases of the company totaled Php 100,000 while purchase returns and purchase discounts amounted to Php 20,000 and Php 10,000 respectively. How much is the company's Net Sales? Net Purchases?

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