On December 1, the Accounts Receivable account of FDNACCT Services had a P84,000 debit balance. During December, the business earned P165,500 in revenue, of which 70% are on account. Total collections of account amounted to P23,000. How much is the balance of Accounts Receivable account as of December 31?

On December 1, the Accounts Receivable account of FDNACCT Services had a P84,000 debit balance. During December, the business earned P165,500 in revenue, of which 70% are on account. Total collections of account amounted to P23,000. How much is the balance of Accounts Receivable account as of December 31?

Name: On December 1, the Accounts Receivable account of FDNACCT Services ha
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Description: On December 1, the Accounts Receivable account of FDNACCT Services had aP84,000 debit balance. During December, the business earned P165,500 inrevenue, of which 70% are on account. Total collections of account amountedto $23,000. How much is the bal

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...

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