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FDNACCT Co. has the following balances on December 31, 2021 before any adjustments: Accounts Receivable = P840,000 Allow
Posted: Tue Jul 05, 2022 11:22 am
by answerhappygod
- Fdnacct Co Has The Following Balances On December 31 2021 Before Any Adjustments Accounts Receivable P840 000 Allow 1 (23.71 KiB) Viewed 12 times
FDNACCT Co. has the following balances on December 31, 2021 before any adjustments: Accounts Receivable = P840,000 Allowance for Doubtful Accounts = P3,250 Total credit sales = P3,000,000 Provision for doubtful accounts is estimated at 5% of Accounts Receivable. How much should be credited to the Allowance for Doubtful Accounts as adjustment?