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Please answer me tutor thanks The following selected accounts are taken from the books of RST Trading on April 30 before adjustment. RST has a

Please answer me tutor

thanks

The following selected accounts are taken from the books of RST Trading on April 30 before adjustment. RST has a monthly accounting period:

Accounts ReceivableP5,000BuildingP50,000

Sales75,000Service Income10,000

Prepaid Rent6,000Salaries Expense20,000

Adjustment data on April 30:

a)2 % of sales is estimated to be uncollectible.

b)Rent expired, P2,000.

c)Salaries unpaid, P 1,500.

d)Building will be depreciated at 20% per annum, with useful lie of 10 years.

e)Income unearned , P10,000.

The entry to record depreciation (d) is

Select one:

a. Depreciation ExpenseP833

Accumulated DepreciationP833

b. Depreciation ExpenseP10,000

Accumulated DepreciationP10,000

c. Depreciation ExpenseP5,000

Accumulated DepreciationP5,000

d. Accumulated DepreciationP833

Depreciation ExpenseP833

Cebu Trading sold to Manila Store goods with a listed price of P100, 000. Term of sale: Trade discount of 3% and 2%. Payment terms: 2/10,n/30.

The total trade discount is

Select one:

a. P7,000

b. P2,000

c. P 4,940

d. P5,000

Cebu Trading sold to Manila Store goods with a listed price of P100, 000. Term of sale: Trade discount of 3% and 2%. Payment terms: 2/10,n/30.

If Manila Store paid within the discount period, it will pay

Select one:

a. P 98,000

b. P93,158.80

c. P93,000

d. P 95,000

Cebu Trading sold to Manila Store goods with a listed price of P100, 000. Term of sale: Trade discount of 3% and 2%. Payment terms: 2/10,n/30.

Cebu Trading will record a sale of

Select one:

a. P95,060

b. P95,000

c. P97,000

d. P100,000

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