Question 23 (2 points) Freight-in is P3,400; bad debts are P1,250; Utilities consumption amounted P730; Office rent is P5,000 and cash is P10,000; How much operating expenses will be presented in the report? P10,000 P10,380 P6,980 P5,380 Question 24 (2 points) The record shows: Accounts Receivable P250,000; Net Sales P 1,300,000; Allowance for doubtful accounts P6,500; & Bad debts expense P700. How much accounts receivable should be presented in the report? P250,000 OP243,500 P1,300,000 P242,800 Question 25 (2 points) Merchandise Inventory-Jan 1 is P5,000; Purchases were P25,400, Freight-out was P650;Sales returns & allowances was P100 while Inventory, Dec 31 amounted P2,300; How much is the cost of goods sold? P28,750 P23,650 P28,100 P31,050