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Show good accounting form solutions I point On Jan. 1, 2021, XYZ Bank extended a 3-year P5,000,000 loan to ABC Corporation. The interest rate agreed
Show good accounting form solutions
I point On Jan. 1, 2021, XYZ Bank extended a 3-year P5,000,000 loan to ABC Corporation. The interest rate agreed upon is 7%. The bank incurred direct and indirect origination costs of P75,100 and P50,000 respectively, but collected origination fees of P328,230 from ABC. The effective interest rate is 9%. What is the total receivable related to the loan to ABC on Dec. 31, 2021? * Your answer 25 BOMO 1 point 24 year HOTELS BOOOO 3 000 000 In its second year of operation, Painter Inc noticed possible theft of its inventories. It gathered the following information from its operations: 1" Year Purchases P 1,200,000 P 1,500,000 3000 Freight-in 100,000 120,000 30.000 Purchase returns and allowance 50,000 60,000 Purchase discount 40,000 70,000 Sales 1,300,000 1800,000 Sales returns and allowance Sales discounts 120,000 150,000 31 20 000 2 LOLC2 Cost of sales OUG 900,000 UOP?? PA OKOLL If the physical ending inventory were valued at P325,000, how much is the estimated loss from inventory theft? Decanus 3 000 000 100,000 250,000 dequo conui ABC Malls uses the retail method to estimate it interim inventory balance. It gathered the following for the current reporting period: OL Op Beginning Inventory P 800,000 P 1,300,000 Cost Retail 12 OOUS Purchases 5,900,000 9,500,000 Freight-in 240,000 Purchase returns and allowance 450,000 600,000 Purchase discount 300,000 oie Net Markup 500,000 Net Markdown 400,000 Sales 9,200,000 CSales returns and allowances 612 CO 300,000 300,000 022 OL 2C Sales discounts ou on 22 OU 250,000 IU CILS Normal inventory loss 400,000 If ABC uses the average retail method, how much would the estimated ending inventory be? COLOD YWonu o MOISStep by Step Solution
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