Zeta Company reported sales revenue of P4,600,000 in the income statement for the year ended December 31, 2020. The entity wrote off uncollectible accounts totaling P50,000 during the current year. 2019 2020 Accounts receivable 1,000,000 1,300,000 Allowance for uncollectible accounts 60,000 110,000 Advances from customers 200,000 300.000

Zeta Company reported sales revenue of P4,600,000 in the income statement for the year ended December 31, 2020. The entity wrote off uncollectible accounts totaling P50,000 during the current year. 2019 2020 Accounts receivable 1,000,000 1,300,000 Allowance for uncollectible accounts 60,000 110,000 Advances from customers 200,000 300.000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 24CE

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