Question: 17. The following data are obtained from the single entry set of books kept by the proprietor of Tagheuer Company for 2014: December 31 January

17. The following data are obtained from the single entry set of books kept by the proprietor of Tagheuer Company for 2014: December 31 January 1 Notes Receivable - Trade P1,200,000 P 400,000 Accounts Receivable 2.000,000 1,600,000 The cashbook shows the following receipts: Accounts receivable (after sales discounts of P100,000) 2.000,000 Notes receivable-trade 960,000 Cash sales 800,000 Rent income 80,000 Sale of equipment costing P200,000

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