Question
Good day tutors. Kindly help me out about receivables. Deuteronomy Department Store starts its business on June 1, 2020 and completes the following transactions relating
Good day tutors. Kindly help me out about receivables.
Deuteronomy Department Store starts its business on June 1, 2020 and completes the following transactions relating to its credit card sales during June: (1) Total sales charged by customers are as follows: BPI - P600,000; BDO - P1,200,000; PSB- P1,500,000; (2) Deposits made by banks to charge the account of Deuteronomy for credit card sales, net of 2% service charge.: BPI- P352,800; BDO - P705,600; PSB - P882,000. How much is the accounts receivable as of June 30, 2020?
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
4th Edition
0135232872, 978-0135232873
