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The following details have been extracted from the debtor collection records of S Plc Invoice paid in the month after sale 60% Invoice paid in

The following details have been extracted from the debtor collection records of S Plc

Invoice paid in the month after sale

60%

Invoice paid in the second month after sale

20%

Invoice paid in the third month after sale

10%

Bad debts

10%

Customers paying in the month after sale are entitled to a 15% discount. Credit sales for January to April are budgeted as follows:

Jan

P40,000

Feb

P45,000

Mar

P50,000

April

P60,000

Required: Calculate the amount due to be received from debtors in April.

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