Determine what ACCOUNT TITLE and group according to MAJOR ACCOUNT. Fill in the chart. Mr. Juan purchased table napkins worth P2,000 to be used in his barbecue operations. The customer with the P5,000 account receivable is broke you have estimated that you can only collect P4,200 from him. He hired a helper in his barbecue business. The employee earns compensation of P8,000. The cost of the barbecue that was sold for P5,000 is P3,000. He paid Val Santos Matubang P5,000

Determine what ACCOUNT TITLE and group according to MAJOR ACCOUNT. Fill in the chart. Mr. Juan purchased table napkins worth P2,000 to be used in his barbecue operations. The customer with the P5,000 account receivable is broke you have estimated that you can only collect P4,200 from him. He hired a helper in his barbecue business. The employee earns compensation of P8,000. The cost of the barbecue that was sold for P5,000 is P3,000. He paid Val Santos Matubang P5,000

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 22P

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Directions: Determine what ACCOUNT TITLE and group according to MAJOR ACCOUNT. Fill in the chart. (see lecture below) 1. He purchased table napkins worth ₱200 to be used in your barbecue operations. 2. The customer with the ₱500 account receivable is broke you have estimated that p you can only collect ₱420 from him. 3. He hired a helper in a barbecue business. The employee earns compensation of ₱8,000. 4. The cost of barbecue that was sold for ₱500 is ₱300. 5. He paid Justin Bieber ₱5,000, 000 to endorse the product. 6. On your total account receivable of ₱500, you expect to collect only about ₱480. 7. The barbeque grill was stolen. 8. He received an order of barbecue worth ₱800. The customer paid the sale price but instructed you to deliver the barbecue next week 9. He made a temporary withdrawal of ₱200 from your barbecue business. 10. He expects to use the barbecue grill for 5 years.
Directions: Determine what ACCOUNT TITLE, and group according to MAJOR ACCOUNT. Fill inthe chart. 1. He purchased table napkins worth ₱200 to be used in your barbecue operations.2. The customer with the ₱500 account receivable is broke you have estimated that you can onlycollect ₱420 from him.3. He hired a helper in a barbecue business. The employee earns compensation of ₱8,000.4. The cost of barbecue that was sold for ₱500 is ₱300.5. He paid Justin Bieber ₱5,000, 000 to endorse the product.6. On your total account receivable of ₱500, you expect to collect only about ₱480.7. The barbeque grill was stolen.8. He received an order of barbecue worth ₱800. The customer paid the sale price but instructedyou to deliver the barbecue next week9. He made a temporary withdrawal of ₱200 from your barbecue business.10. He expects to use the barbecue grill for 5 years. ACCOUNT TITLE MAJOR ACCOUNT
ess AccountingQ&A Libraryable napkins worth ₱200 to be used in your barbecue operations. 2. The customer with the ₱500 account receivable is broke you have estimated that you can only collect ₱420 from him. 3. He hired a helper in a barbecue business. The employee earns compensation of ₱8,000. 4. The cost of barbecue that was sold for ₱500 is ₱300. 5. He paid Justin Bieber ₱5 able napkins worth ₱200 to be used in your barbecue operations. 2. The customer with the ₱500 account receivable is broke you have estimated that you can only collect ₱420 from him. 3. He hired a helper in a barbecue business. The employee earns compensation of ₱8,000. 4. The cost of barbecue that was sold for ₱500 is ₱300. 5. He paid Justin Bieber ₱5 Give your brain a boost. Try 5 free Q&As with our subject matter experts now.arrow_forward Question Directions: Determine what ACCOUNT TITLE, and group according to MAJOR ACCOUNT. Fill inthe chart. 1. He purchased table…
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