The following data pertains to the customers' accounts of ABC Corp at June 30, 20X1: Accounts receivable, June 1, P80,000 Accounts receivable, June 30, P97,000 Cash collections during the month (net of 2% cash discount), P107,800 Sales returns , P10,000 Customer's account written off, P17,000 How much is the credit sales for the month? a. 134,800 b. 137,000 c. 154,000 d. 151,800

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.