Question 16Based on the following selected accounts provided to you by the chief accountant of Barbi Traders:Accrued interest incomeAccrued interest expensePrepaid RentUnearned interestAllowance for Bad DebtsAccumulated depreciationFreight inFreight outP 4,6002,5005,0001,4005,40010,0002,0001,5001,4002,6007,3003,700Purchase Returns & AllowancesPurchase discountSales Returns & AllowancesSales discountHow much is the total of the debit balances?P 19,500ODnot givenP 14,900P 17,000

Trial Balance: Trial balance is a statement in which the ending balance of ledger accounts are…

Based on the following selected accounts provided to you by the chief accountant of Barbi Traders: P 4,600 2,500 5,000 1,400 5,400 10,000 2,000 1,500 1,400 2,600 7300 Accrued interest income Acerued interest expense Prepaid Rent Unearned interest Allowance for Bad Debes Accumulated depreciation Freight in Freight out Purchase Returns & Allowances Purchase discount Sales Returns & Allowances Sales discount 3,700 How much is the total of the debit balances? P 19,500 OD not given P 14,900 P 17.000

Based on the following selected accounts provided to you by the chief accountant of Barbi Traders: P 4,600 2,500 5,000 1,400 5,400 10,000 2,000 1,500 1,400 2,600 7300 Accrued interest income Acerued interest expense Prepaid Rent Unearned interest Allowance for Bad Debes Accumulated depreciation Freight in Freight out Purchase Returns & Allowances Purchase discount Sales Returns & Allowances Sales discount 3,700 How much is the total of the debit balances? P 19,500 OD not given P 14,900 P 17.000

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.1AP

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