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Eve Company reported sales revenue of P2,300,000 in its income statement for the current year. The following information are also provided by the entity: Beginning

Eve Company reported sales revenue of P2,300,000 in its income statement for the current year. The following information are also provided by the entity:

Beginning Balance Ending Balance
Accounts Receivable P 500,000 P 650,000
Allowance for Doubtful Accounts (30,000) (50,000)

Requirement:

Doubtful accounts totaling P10,000 were written off during the year. How much is the sales revenue using the cash basis of accounting?

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