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By the end of the current period, ESMERALDA INC.'s accounts receivable balance increased by P220,000. Total credit sales made during the period amounted to P360,000, while write-offs and recoveries were P22,000 and P6,000, respectively. How much is the total collections, including recoveries, during the period? A. 124,000 B. 1,800

By the end of the current period, ESMERALDA INC.'s accounts receivable balance increased by P220,000. Total credit sales made during the period amounted to P360,000, while write-offs and recoveries were P22,000 and P6,000, respectively. How much is the total collections, including recoveries, during the period? A. 124,000 B. 1,800

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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By the end of the current period, ESMERALDA INC.'s accounts receivable balance increased by P220,000. Total credit sales made during the period amounted to P360,000,
while write-offs and recoveries were P22,000 and P6,000, respectively. How much is
the total collections, including recoveries, during the period?

A. 124,000
B. 1,800

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