The erroneous posting of Customer B’s payment to Customer E’s account resulted in total accounts receivable
Properly stated
The correct bad debt expense for the year
P100,113
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The erroneous posting of Customer B’s payment to Customer E’s account resulted in total accounts receivable
Properly stated
The correct bad debt expense for the year
P100,113
The journal entry to reconcile the balances of the Accounts Receivable general and subsidiary ledger after corrections, if any, will include a
Credit to Accounts Receivable
What is the audited balance of the Accounts Receivable account as of December 31?
P470,320
What is the correct Allowance for Doubtful Accounts balance as of December 31?
P31,413
What is the audited net realizable value of the Accounts Receivable as of December 31?
P438,907