question archive Malambot Hardware Store had net credit sales of P6,500,000 and cost of goods sold of P5,000,000 for the year
Malambot Hardware Store had net credit sales of P6,500,000 and cost of goods sold of P5,000,000 for the year
Subject:AccountingPrice: Bought3
Malambot Hardware Store had net credit sales of P6,500,000 and cost of goods sold of P5,000,000 for the year. The Accounts Receivable balances at the beginning of the year was P100,000 more than the ending balance, respectively. a. If collection period is 80 days, how much was ending receivable balance
