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4. The following transactions affecting the accounts receivable of CHAEYOUNG Company are presented below as of December 31, 2022 Sales 2,950,000 Sales discount 63,000
4. The following transactions affecting the accounts receivable of CHAEYOUNG Company are presented below as of December 31, 2022 Sales 2,950,000 Sales discount 63,000 3,652,000 Written off accounts 25,000 Credit memo issued to credit customers for sales returns 125,000 Recoveries of written off accounts 10,000 Accounts Receivable, beginning 475,000 Allowance for doubtful accounts, beginning 50,000 The entity provided for bad debt expense by crediting allowance for bad debts in the amount of P 35,000 for the year. The net realizable value of accounts receivable as of December 31, 2022 is P 550,000. Sales during the year and presented to statement of profit and loss amounts to P 4,000,000 How much is the total collections from customers that should be presented in the operating activities of statement of cash flows?
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