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Wahwah Company had net credit sales of RM 2,250,000. On January 1, 2020, Allowance for Doubtful Accounts had a credit balance of RM4,000 During 2020,
Wahwah Company had net credit sales of RM 2,250,000. On January 1, 2020, Allowance for Doubtful Accounts had a credit balance of RM4,000 During 2020, RM90,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivables basis). The accounts receivable balance at December 31 was RM600.000 . Required: (b) Determine is the amount of Account Receivables as at December 31, 2020
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