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Donna's Beauty Salon had the following transactions for july
July 9
Purchased 625 units of inventory at $6 per unit. The seller offered a cash discount of 2/10,n/30.
July 10
Returned 30 defective units and received full credit.
July 18
Paid the amount in full, less the returned items.
Instruction:
Problem 1: Prepare journal entries to record each of the preceding transactions. Assume a perpetual inventory system.
Mama's net income in 2018 is P120,000 and P180,000 in 2019. How much is the Non controlling interest in net income of subsidiary in 2018?
Stoll enters into the following long term investment transactions during year 2013.
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