7. IRIS Inc. prepared an aging of its accounts receivable at December 31, 2016 and determined that the net realizable value of the receivables at that date was P50,000. Additional information is available as follows: Accounts receivable, December 31, 2015 Accounts receivable, December 31, 2016 Allowance for doubtful accounts at December 31, 2015 Accounts written off as uncollectible during 2016 IRIS bad debt expense for the year ended, December 31, 2016 is:. 48,000 54,000 6,000 5,000
7. IRIS Inc. prepared an aging of its accounts receivable at December 31, 2016 and determined that the net realizable value of the receivables at that date was P50,000. Additional information is available as follows: Accounts receivable, December 31, 2015 Accounts receivable, December 31, 2016 Allowance for doubtful accounts at December 31, 2015 Accounts written off as uncollectible during 2016 IRIS bad debt expense for the year ended, December 31, 2016 is:. 48,000 54,000 6,000 5,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 94.2C
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