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please answer 11,12,13 i need answer now 2 = 19 1 2 13 14 15 16 178 9 10 111 121 13 14 15 16
please answer 11,12,13 i need answer now
2 = 19 1 2 13 14 15 16 178 9 10 111 121 13 14 15 16 17 1 18 11. On June 1, P16,000 of goods are sold with credit terms of 1/10, n/30. On June 3 the customer returned P2,000 of the goods. How much should the seller expect to receive if the buyer pays on June 8? a. P13,840 cP14,000 b. P13,860 d. P15,840 12. Blueberry Company's sales are all on credit basis. The following information is available for the current year: Allowance for doubtful accounts - Jan. 1 200,000 MIDTERM XAMINATION SUBJECT: INTERMEDIAE ACCOUNTING 1 RSS COURSE, YEAR AND SECTION: BSACC 1-1 Sales Sales returns Accounts written off as uncollectible 9,500,000 500,000 300,000 Blueberry provides for doubtful accounts expense at the rate of 5% of the net sales. At December 31, the allowance for doubtful accounts balance should be? a. 475,000 c. 375,000 b. 350,000 d. 450,000 13. Easy Company operates in an industry that has a high rate of bad debts. On December 31, 2020, before any year end adjustment, the accounts receivable balance was P8,000,000 and its allowance for doubtful accounts balance was P800,000. The year-end balance reported for the allowance for doubtful accounts is based on the following schedule: Time outstanding Accounts Receivable Percent uncollectible Under 30 days 5,000,000 10% 31-180 days 1,500,000 20% 181-360 days 1,000,000 50% More than one year 500,000 100% Accounts of P400,000 were written off during the year. What should be the doubtful accounts expense for 2020? a. 1,000,000 c. 1,400,000 b. 1,200,000 d. 1,800,000
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