On December 1, the Accounts Receivable account of FDNACCT Services had a P84,000 debit balance. During December, the business earned P165,500 in revenue, of which 70% are on account. Total collections of account amounted to P23,000. How much is the balance of Accounts Receivable account as of December 31?

On December 1, the Accounts Receivable account of FDNACCT Services had a P84,000 debit balance. During December, the business earned P165,500 in revenue, of which 70% are on account. Total collections of account amounted to P23,000. How much is the balance of Accounts Receivable account as of December 31?

Name: On December 1, the Accounts Receivable account of FDNACCT Services ha
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Description: On December 1, the Accounts Receivable account of FDNACCT Services had aP84,000 debit balance. During December, the business earned P165,500 inrevenue, of which 70% are on account. Total collections of account amountedto $23,000. How much is the bal

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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