What amount should be reported as allowance for doubtful

provide solutions, you! Transcribed Image Text: 2. What amount should be reported as allowance for doubtful
Problem 4-13 (IAA) +
5,900,000
affecting accounts receivable during the current ve
Sales- cash and credit
Cash received from credit customers, all of whom
took advantage of the discount feature of the
credit terms 4/10,n/30
Cash received from cash customers
Accounts receivable written off as worthless
Credit memorandum issued to credit customers
for sales returns and allowances
Cash refunds given to cash customers for sales
returns and allowances
Recoveries on accounts receivable written off as
uncollectible in prior periods not included in
cash received from credit customers
3,024,000
2,100,000
50,000
250,000
20,000
80,000
Balances on January 1
950,000
100,000
Accounts receivable
Allowance for doubtful accounts
The entity provided for uncollectible accounts by crediting
allowance for doubtful accounts in the amount of P70,000 for
the current year.
1. What amount should be reported as accounts receivable
on December 31?
a. 1,300,000
b. 1,426,000
c. 1,280,000
d. 1,220,000
accounts on December 31?
a. 120,000
b. 200,000
c. 250,000
d. 170,000

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