just answer nos. 8-12 thank youuuuu!

454 20x1 6. If Silent Night Co. recognizes realized gross profit of P180,000 20x2 Installment sales 300,000 20x3 how much is the ending balance of the receivable? Cost of sales 225,000 375,000 360,000 a. 280,000 b. 250,000 c. 200,000 d. 50,000 Deferred gross profit, end. bal. 285,000 252,000 20x1 7. If Silent Night Co. recognizes realized gross profit of P160,000 20x2 52,500 15,000 how much are the total collections? 20x3 54,000 9,000 b. 640,000 c. 360,000 72,000 a. 720,000 d. 250,000 (AICPA) 8. Home Co. reported deferred gross profits of P200,000 and 10. How much is the total installment receivable on Dec. 31, 20x3? P60,000 at the beginning and end of the year, respectively. a. 277,500 b. 279,500 C. 287,500 d. 297,500 Home Co. consistently made sales at a 25% gross profit rate. How much were the total collections during the year? 11. How much are the total collections in 20x3? a. 480,000 b. 560,000 c. 580,000 d. 620,000 a. 356,700 b. 365,700 c. 367,500 d. 376,500 9. Yellow Co.'s records on December 31, 20x2 show the 12. How much is the total realized gross profit in 20x3? a. 56,000 b. 69,000 following information: c. 76,000 d. 96,000. Accounts receivable 313,750 Repossession Deferred gross profit (before adjustment) 38,000 Use the following information for the next two questions: Analysis of the accounts receivable reveal the following: The Bass Co., on September 30, 20x1, sold for P48,000 a piano Regular accounts 207,50 costing P30,000. The down payment was P4,800 and an equal 20x1 installment accounts 16,25 amount was to be paid at the end of each succeeding month. 20x2 installment accounts 90,00 Monthly interest of 1% yield rate was to be charged on the unpaid balance of the installment contract, with payment applying first to Sales on an installment basis in 20x1 were made at 30% above cost ccrued interest and the balance to principal. After paying a total and in 20x2, at 331/3% above cost. Expenses paid relating to of P19,200, the customer defaulted and the piano was installment sales in 20x2 were P1,500. How much is the 20x2 profi correspondingly repossessed on February 28, 20x2, at which time from installment sales? it was estimated to have a value of P16,800 on a depreciated cost a. 9,750 b. 10,250 c. 11,750 d. 13,350 basis. Bass Co. uses a perpetual inventory system and records the (AICPA) total deferred gross profit at the time of sale. Use the following information for the next three questions: nethod." Auto Co.'s records 13. How much was the realized gross profit at the end of 20x1? a. 7,200 Auto Co. uses the "installment sales metho b. 7,039 (RPCPA) c. 6,764 show the following: d. 6,489 Scanned with CamScanner