Related data of Jimin Company: Accounts receivable, beginning P395,200 Allowance for bad debts, beginning 8,500 Sales for the year 5,000,000 Collection 4,680,000 Percentage of Bad debts is 2% of sales How much is the Net realizable value?
Related data of Jimin Company: Accounts receivable, beginning P395,200 Allowance for bad debts, beginning 8,500 Sales for the year 5,000,000 Collection 4,680,000 Percentage of Bad debts is 2% of sales How much is the Net realizable value?
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 8MC: Conner Pride reports year-end credit sales in the amount of $567,000 and accounts receivable of...
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Related data of Jimin Company:
Allowance for
Sales for the year 5,000,000
Collection 4,680,000
Percentage of Bad debts is 2% of sales
How much is the Net realizable value?
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