Question
The Maginhawa Co. which began operation on January 1, 2020 uses the installment method of accounting. The following information is available for 2020. Cash collected,
The Maginhawa Co. which began operation on January 1, 2020 uses the installment method of accounting. The following information is available for 2020. Cash collected, including down payments P962,425 Deferred gross profit at December 31, 2020 465,520 Gross profit on sales 35% The total amount of Maginhawa's installment sales for 2020 was?
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Discrete and Combinatorial Mathematics An Applied Introduction
Authors: Ralph P. Grimaldi
5th edition
201726343, 978-0201726343
