Question: CORRECT ANSWER IS B.100,000 pls show solution how to arrive at it You are given the following information relating to Sentra Trading, a general merchandising

CORRECT ANSWER IS B.100,000 pls show solution how to arrive at it

You are given the following information relating to Sentra Trading, a general merchandising company: Rate of gross profit on sales Accounts Receivable, December 31, 2019 Collections on accounts receivable in 2020 Cost of goods available for sale in 2020 Merchandise Inventory, December 31, 2020 20% P80,000 430,000 460,000 100,000 Assuming all sales were on account, what was the company's Accounts Receivable balance on December 31, 2020? a. b. C. d. P120,000 P100,000 P90,000 P 50,000

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