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Celestine Co. started operations in January 2019. From your examination of Celestine's financial statements, you were able to obtain the following information: P 744,300
Celestine Co. started operations in January 2019. From your examination of Celestine's financial statements, you were able to obtain the following information: P 744,300 P 747,000 12/31/19 12/31/20 P 126,000 P 133,200 60,000 85,500 990,000 P 832,500 P 879,300 Inventory Trade Receivable 85,800 Trade Payable Sales SAMGIS Additional information provides that Celestine paid its suppliers a total of P763,200 in 2019. In 2020, accounts totaling P6,000 were written off as uncollectible. In addition, bad debts expense of P4,500 per year was recognized in 2019 and 2020. I 82,800 960,000 2. How much was the cash collected during 2020 resulting from sales in 2019 and 2020?
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