Tinkiwinki Inc., corporation, has the following pertinent information happened during year 2022 Cash receipts from customers Cash receipts from rent income Cash paid to suppliers Payment of short-term loan Cash paid to other operating expenses Cash payment for long-term investments Cash receipts from disposal of old machine Proceeds from long-term borrowings Recognition of depreciation Recognition of bad debts Cash payment for trading securities Purchased equipment on account P 6,830,000 220,000 1,750,000 400,000 560,000 380,000 600,000 2,000,000 90,000 48,000 100,000 260,000 Purchased of land 1,000,000 Proceeds from issuance of share capital 1,500,000

Tinkiwinki Inc., corporation, has the following pertinent information happened during year 2022 Cash receipts from customers Cash receipts from rent income Cash paid to suppliers Payment of short-term loan Cash paid to other operating expenses Cash payment for long-term investments Cash receipts from disposal of old machine Proceeds from long-term borrowings Recognition of depreciation Recognition of bad debts Cash payment for trading securities Purchased equipment on account P 6,830,000 220,000 1,750,000 400,000 560,000 380,000 600,000 2,000,000 90,000 48,000 100,000 260,000 Purchased of land 1,000,000 Proceeds from issuance of share capital 1,500,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 11EA: Mirror Mart uses the balance sheet aging method to account for uncollectible debt on receivables....

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