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During the year, Narra Langgonisa made cash sales of 3,000,000 pesos and credit sales of 8,000,000 pesos. Out of the sales made on credit, 7,000,000
During the year, Narra Langgonisa made cash sales of 3,000,000 pesos and credit sales of 8,000,000 pesos. Out of the sales made on credit, 7,000,000 had been collected by the year-end. It paid out 6,000,000 pesos for expenses and owed 2,000,000 pesos at year-end. Solve for the accrual profit.
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