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  • io:h T " br4 ' L$loil ' ": Sales

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    Bernadette Benignos
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    This document contains a summary of financial information for Cherry Orange Capital as of December 31, 2008 including total assets, liabilities, and capital. It also includes details of a sales transaction between companies XYZ Co. and Earth Co., including the original sales price, freight costs, cash discount taken, and payment remitted. Specific figures are provided for net sales, net income, total assets, liabilities, building value, and amounts for the sales transaction between XYZ Co. and Earth Co.

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    This document contains a summary of financial information for Cherry Orange Capital as of December 31, 2008 including total assets, liabilities, and capital. It also includes details of a sales transaction between companies XYZ Co. and Earth Co., including the original sales price, freight costs, cash discount taken, and payment remitted. Specific figures are provided for net sales, net income, total assets, liabilities, building value, and amounts for the sales transaction between XYZ Co. and Earth Co.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    10 views1 page

    io:h T " br4 ' L$loil ' ": Sales

    Uploaded by

    Bernadette Benignos
    This document contains a summary of financial information for Cherry Orange Capital as of December 31, 2008 including total assets, liabilities, and capital. It also includes details of a sales transaction between companies XYZ Co. and Earth Co., including the original sales price, freight costs, cash discount taken, and payment remitted. Specific figures are provided for net sales, net income, total assets, liabilities, building value, and amounts for the sales transaction between XYZ Co. and Earth Co.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 1

    7

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    D

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    " l'tt766 t+'-' 4/sv'6o Ui,N;h"J..,-l^ 'f i+ l/l?r@u t 22. Goods available tbr sirle br4 't l,ts{,ao ' lW,@
    /io:H;t P*.il;
    23
    :
    Cost of goods

    19.

    Net

    Sales

    !,38!'rru-

    I'tf f tt'*!tu"

    *D ZLuiuo -ry
    r'rt w)
    B{,

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    soict = l1?51l,oo *?w,trv ' l,cit!,to profiton sales l$loil - lOnl,67y.= t!'!,c:!tlt 24. &oss expenses r&,loru 25 Total operating -lAJaD 2b. Net income ?.7. Total current assets l.sisB,tfn
    f ,P 33: $L nrt 30. Total liabilrties 31. Cherry Orange (-'apital, December 3 1, 2008 &

    Hll,triiji,,,j#'fl**,r g!48a
    XYZ
    C.o., ibe.se.ller. (based

    .
    Pnobhu

    3l^Boolivalueofnuiiding lr4- t&(sri ' 316il

    - L " 42t{,1t:t,

    u246n'- qgi,ooc'r

    in lv{aniia) and Earth Co., the buyer' (based in Cebu Ctty) cnHGd iirto a sales traosaction on accorurt. The sales.invoiQg thoys the price of
    Tranqportation perio{.

    G:

    / freight. costi amounted,to P5,0tn. Earth Co. paid within the discourtt t-?

    il. Ho* much is the total ifads .discounts availed trv Earth Co.? "$r', o'' - 4@tW ' 31, kt il. C;di;foitrr- irroi*:prir". g*,'' x 1<l i ',rL ' 4do,7rD 35. How mustr is the cash discoilnt availed by Earih Co? 4b, ?fi f vbl, 9,Ll i
    ,

    36. Compute for the payment remitted to XYZ 4t r,}su.-gzr(, 37. How rntrch is the Freight In / Transportation hr li'urt 38. How mur:h is the Freight Out i Transportation Out? D

    Co. 'l

    4fl,$!

    AITT
    :

    CE
    t

    Seiec;t rlre best answer and vn'ite tlie corresponding CAP.ITAL on tlre ans$'er sheet'provided. STRIQTLY N(} ERASURES.

    Presented beloy is the Decernber 31,2008 balance.s

    of

    NON ST'OP

    STOR.E.

    ,{CC0UI.ITS

    BALANCES

    Allowance f.or Doubtful Accounts

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