Multiple choice: 1. Entity A’s accounts receivable has a balance of ₱10,000. If the related allowance for bad debts account has a balance of ₱4,000, the carrying amount of accounts receivable in Entity A’s financial statements is A. 14,000 B. 6,000 C. 4,000 D. 0 2. Revenues earned from sales of goods are recorded in this account A. Sales B. Service fee C. Interest income

Multiple choice: 1. Entity A’s accounts receivable has a balance of ₱10,000. If the related allowance for bad debts account has a balance of ₱4,000, the carrying amount of accounts receivable in Entity A’s financial statements is A. 14,000 B. 6,000 C. 4,000 D. 0 2. Revenues earned from sales of goods are recorded in this account A. Sales B. Service fee C. Interest income

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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