BSU Food Processing Center was authorized to sell various Food products. They sold this products on account with the List Price of P480,000, less trade discounts of 5%, 5%, 1%. As the bookkeeper your are assigned to journalized the transaction. How much is to be debited to Accounts receivable? Drop centavos if any.

BSU Food Processing Center was authorized to sell various Food products. They sold this products on account with the List Price of P480,000, less trade discounts of 5%, 5%, 1%. As the bookkeeper your are assigned to journalized the transaction. How much is to be debited to Accounts receivable? Drop centavos if any.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 1CE

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