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help me please thank you Question 49 2 pts The following transactions and events relate to Boobsy Company for the current accounting period, (a) Sold
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Question 49 2 pts The following transactions and events relate to Boobsy Company for the current accounting period, (a) Sold merchandise costing P450,000 for P100,00 cash and P700,000 on open account. A perpetual inventory system is used (b) Purchased land for P1,000,000 cash and a P3,000,000 mortgage. (c) Received payment on account P120,000. (d) Estimated that utilities expense for the coming six months will total P80,000 (e) Declared a cash dividend will be paid in six weeks The foregoing transactions and events increased net assets by Step by Step Solution
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