4.. The partial trial balance of A. Basarte Merchandisi

Added on - 16 Sep 2019

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4.The partial trial balance of A. Basarte Merchandising for the year endedDecember 2012 is given below:DebitCreditA. Basarte, CapitalP357,200A. Basarte, DrawingP50,000SalesP1,857,000Sales Ret. & Allowances15,000Sales Discounts8,000Purchases950,000Purchase Ret. & Allowances5,000Purchase Discounts3,000Freight – In6,000Freight – Out2,000Salemen’s Commission45,000Merchandise Inventory:January 1, 2012P250,000December 31, 2012190,000a. How much is net salesb. How much is gross purchasesc. How much is net purchasesd. How much is the cost of goodsavailable for salee. How much is the cost of goods sold
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