PRAISEWORTHY Company reported accounts receivable of P400,000 on December 31, 2021 and allowance for doubtful accounts o

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

PRAISEWORTHY Company reported accounts receivable of P400,000 on December 31, 2021 and allowance for doubtful accounts o

Post by answerhappygod »

Praiseworthy Company Reported Accounts Receivable Of P400 000 On December 31 2021 And Allowance For Doubtful Accounts O 1
Praiseworthy Company Reported Accounts Receivable Of P400 000 On December 31 2021 And Allowance For Doubtful Accounts O 1 (29.7 KiB) Viewed 13 times
PRAISEWORTHY Company reported accounts receivable of P400,000 on December 31, 2021 and allowance for doubtful accounts of P9,000 on January 1, 2021. Aging analysis of accounts receivable is shown below Time outstanding Accounts receivable Percent uncollectible Under 30 days 31 - 180 days 181-360 days More than one year P200,000 100,000 80,000 20,000 2% 10% 30% 50% How much should be reported as doubtful accounts expense for the year ended December 31, 2021?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”