4.The following data were available for ABC Company at Dec 31, 20X2: Accounts Receivable, beg P15,000 Accounts Receivable, end P10,000 Collection of accounts 450,000 Sales returns, P8,000 (25% is related to cash sales) Sales discounts, P5,000 How much were the credit sales during the period? 451,000 453,000 456,000 458,000
4.The following data were available for ABC Company at Dec 31, 20X2: Accounts Receivable, beg P15,000 Accounts Receivable, end P10,000 Collection of accounts 450,000 Sales returns, P8,000 (25% is related to cash sales) Sales discounts, P5,000 How much were the credit sales during the period? 451,000 453,000 456,000 458,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 49BE: Accounts Receivable Balance Hart Inc. began the year with $315,700 of accounts receivable. During...
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4.The following data were available for ABC Company at Dec 31, 20X2:
Accounts Receivable, beg P15,000
Accounts Receivable, end P10,000
Collection of accounts 450,000
Sales returns, P8,000 (25% is related to cash sales)
Sales discounts, P5,000
How much were the credit sales during the period?
Accounts Receivable, beg P15,000
Accounts Receivable, end P10,000
Collection of accounts 450,000
Sales returns, P8,000 (25% is related to cash sales)
Sales discounts, P5,000
How much were the credit sales during the period?
451,000
453,000
456,000
458,000
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