1. Pharmaly-maly Company has a collection schedule of 60% during the month of sales, 15% the following month, and 15% subsequently. The total credit sales in the current month of September were P80,000 and total collections in September were P57,000. Determine the credit sales in July?

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1. Pharmaly-maly Company has a collection schedule of 60%
during the month of sales, 15% the following month, and
15% subsequently. The total credit sales in the current
month of September were P80,000 and total collections in
September were P57,000. Determine the credit sales in July?
Transcribed Image Text:1. Pharmaly-maly Company has a collection schedule of 60% during the month of sales, 15% the following month, and 15% subsequently. The total credit sales in the current month of September were P80,000 and total collections in September were P57,000. Determine the credit sales in July?
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