Question
The balances of allowance for doubtful accounts of SuperSuki Entreprise for the beginning and ending of the year are P9,800 and P10,500, respectively. During the
The balances of allowance for doubtful accounts of SuperSuki Entreprise for the beginning and ending of the year are P9,800 and P10,500, respectively. During the year, SuperSuki wrote-off accounts worth P9,900 and was able to recover accounts worth P800. The company estimates its bad debts to be 5% of credit sales.
Required: Compute for the credit sales for the year.
Step by Step Solution
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Financial Reporting And Analysis Using Financial Accounting Information
Authors: Charles H Gibson
12th Edition
1439080607, 978-1439080603
