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1 poi On December 27, 20x1, ABC Co. received a sale order for a credit sale of goods with selling price of P3,000. The goods

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1 poi On December 27, 20x1, ABC Co. received a sale order for a credit sale of goods with selling price of P3,000. The goods were shipped by ABC on December 31, 20xl and were received by the buyer on January 2, 20x2. The related shipping costs amounted to P20. ABC Co. collected the receivable on January 5, 20x2. If the term of the sale is FOB destination, freight collect, how much net cash is collected on January 5, 20x2? 3,020 3,000 2,980

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