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CASE 4 JLC Corporation has annual sales of P3,500,000 for the year 2015, 80% of this is on credit. 1. The credit collection department determined that 10% of its credit sales would be uncollected. What would be the appropriate entry using allowance method? JLC Corporation has annual sales of P3,500,000 for the year 2015, 80% of this is on credit. 2. If a customer whose account was viewed to be uncollectible suddenly paid P100,000. What would be the appropriate entry