question archive Your answer Case 2
Your answer Case 2
Subject:AccountingPrice: Bought3
Your answer Case 2. How much is the company's accounts receivable under "61-90 2 points days" category? Sampaguita Inc.'s accounts receivable subsidiary ledger shows the following information: Account Balance Invoice Customer Dec. 31, 2018 Date Amount Mario P35.180 12/06/18 P14.000 11/29/18 21.180 Peter 20.920 09/27/18 12.000 08/20/18 8.920 Mark 30.600 12/08/18 20.000 10/25/18 10.600 Kevin 45.140 11/17/18 23.140 10 09/18 22.000 Benito 31.600 12/12 18 19.200 12/02/18 12.400 Amelia 17.400 09/12 18 17.400 The lifetime expected credit loss rates below are based on Sampaguita Inc.'s receivable collection experience. adjusted for forward-looking estimates. Age of Accounts Rate L 32 C
