Von Company provided the following data for the current vear in relation to accounts receivable: Debits January 1 balance after deducting credit balance P30,000 Charge sales Charge for goods out on consignment Shareholders' subscriptions Accounts written off but recovered Cash paid to customer for January 1 credit balance Goods shipped to cover January 1 credit balance 530,000 5,250,000 50,000 1,000,000 10,000 25,000 5.000 Denosit on lon

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Von Company provided the following data for the current
vear in relation to accounts receivable:
Debits
January 1 balance after deducting credit balance P30,000
Charge sales
Charge for goods out on consignment
Shareholders' subscriptions
Accounts written off but recovered
Cash paid to customer for January 1 credit balance
Goods shipped to cover January 1 credit balance
530,000
5,250,000
50,000
1,000,000
10,000
25,000
5.000
Denosit on lon
Transcribed Image Text:Von Company provided the following data for the current vear in relation to accounts receivable: Debits January 1 balance after deducting credit balance P30,000 Charge sales Charge for goods out on consignment Shareholders' subscriptions Accounts written off but recovered Cash paid to customer for January 1 credit balance Goods shipped to cover January 1 credit balance 530,000 5,250,000 50,000 1,000,000 10,000 25,000 5.000 Denosit on lon
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