The balances of allowance for doubtful accounts of SuperSuki Entreprise for the beginning and ending of the
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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 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.
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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