amount of net accounts receivable after adjusting entries for 20X5 would be:

Principles of Accounting Volume 1
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Chapter7: Accounting Information Systems
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Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...
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Ringo Company had the following information relating to net credit sales for 20X5:

 

Accounts receivable, Dec. 31, 20X5     PhP. 18,000 dr.

Allowance for uncollectible accounts,

 Dec. 31, 20X5, prior to adjustment                         600 cr.

Net credit sales during 20X5                                      95,000

Collections on account during 20X5                         87,000

Cash sales during 20X5                                               27,000

 

If uncollectible accounts are determined by the aging of receivables to be PhP. 3,450, the amount of net accounts receivable after adjusting entries for 20X5 would be:

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