5. Omega Company prepared an aging of accounts receivable on December 31, 2013 and determined that the net realizable value of the accounts receivable was P2,500.000. Alowance for uncollectible accounts on January t Accounts witten oit as uncolectible Accounts receivable on December 31 Uncollectible acounts recovery 280.000 230.000 2.700.000 50.000 What is the uncollectble accounts expense for 20137 a. 230,000 b. 200.000 C 150.000 d. 100.000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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5. Omega Company prepared an aging of accounts receivable on December 31, 2013 and
determined that the net realizable value of the accounts receivable wan P2,500,000.
Allowance for uncollectible accounts on Januaryt
Accounts witten oft as ungoilectble
Accounts receivable on December 31
Uncollectible accounts recovery
280.000
230.000
2.700.000
50.000
What is the uncolectible accounts expense for 2013?
a. 230,000
b. 200,000
c. 150,000
d. 100,000
Transcribed Image Text:5. Omega Company prepared an aging of accounts receivable on December 31, 2013 and determined that the net realizable value of the accounts receivable wan P2,500,000. Allowance for uncollectible accounts on Januaryt Accounts witten oft as ungoilectble Accounts receivable on December 31 Uncollectible accounts recovery 280.000 230.000 2.700.000 50.000 What is the uncolectible accounts expense for 2013? a. 230,000 b. 200,000 c. 150,000 d. 100,000
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