The policy of ILANG-ILANG, INC. is to debit bad debt expense for 3% of all new sales. The
following are the company's sales and allowance for bad debts for the past four years.
Allowance for Bad Debts
Year Sales Year-End balance
2013 P3,000,000 P45,000
2014 2,950,000 56,000
2015 3,120,000 60,000
2016 2,420,000 75,000

What is the amounts of accounts written off in 2014, 2015, and 2016?

Answer rating: 100% (QA)

To determine the amounts of accounts written off in 2014 2015 and 2016 we first need to calculate th... View the full answer