1. On December 31, 2013, the accounts receivable of Harem Company had a balance of P8.200,000. An analysis of the accounts receivable showed the following Accounts known to be worthless Advance payments to creditors on purchase orders Advances to affiliated entities Customers accounts reporting credit balances arising from sales returns Interest receivable on bonds Trade accounts receivable Sutiscription tecnicable dun in 10 days Trade instaliments receivable due 1-18 months, including neamud finance charge of P50,000 Trade accounts receivable from officer, due currently Trade accounts on which pastdated chocks are held (no entries were made on receipt of checks) What is the correct balance of trade accounts receivable? a. 4,650,000 4.700,000 6.4.150,000 d. 4,050,000 100,000 400,000 1.000.000 1600,000) 400.000 3.500.000 2.200.000 850,000 150 000 200,000 2. Vagabond Company had net sales in 2013 of P8,000,000. On December 31, 2013, before adjusting entries the balances in selected accounts were accounts receivablo P2,000,000 debit, and allowance for doubtful accounts P20.000 dobit. The entity estimated that 5% of its accounts receivable will prove to be uncollectible. What is the cash realizable value of the accounts receivable on December 31, 2013 a 2,000,000 b. 1.900,000 1.880,000 d 1.920,000 1. On December 31, 2013, the accounts receivable of Harem Company had a balance of P8.200,000. An analysis of the accounts receivable showed the following Accounts known to be worthless Advance payments to creditors on purchase orders Advances to affiliated entities Customers accounts reporting credit balances arising from sales returns Interest receivable on bonds Trade accounts receivable Sutiscription tecnicable dun in 10 days Trade instaliments receivable due 1-18 months, including neamud finance charge of P50,000 Trade accounts receivable from officer, due currently Trade accounts on which pastdated chocks are held (no entries were made on receipt of checks) What is the correct balance of trade accounts receivable? a. 4,650,000 4.700,000 6.4.150,000 d. 4,050,000 100,000 400,000 1.000.000 1600,000) 400.000 3.500.000 2.200.000 850,000 150 000 200,000 2. Vagabond Company had net sales in 2013 of P8,000,000. On December 31, 2013, before adjusting entries the balances in selected accounts were accounts receivablo P2,000,000 debit, and allowance for doubtful accounts P20.000 dobit. The entity estimated that 5% of its accounts receivable will prove to be uncollectible. What is the cash realizable value of the accounts receivable on December 31, 2013 a 2,000,000 b. 1.900,000 1.880,000 d 1.920,000