4615.3846
187.5
0.2
120000
30000
120000
0
3% of 120000 = 3% * 120000 = 0.03 * 120000 = 3600
It is 120000, exactly as it appears in the question!
120000
DR CR Inventory 120000 Capital 120000 DR CR Inventory 120000 Capital 120000
2% of 120,000 = 2% * 120000 = 0.02 * 120000 = 2,400
70% of 120,000= 70% * 120000= 0.7 * 120000= 84,000