n analysis and aging of Burgos Corp. accounts receivable at December 31, 2018, disclosed the following: Amounts estimated to be uncollectibleP 1,800,000Accounts receivable17,500,000Allowance for doubtful accounts (per books)1,250,000 What is the net realizable value of Burgos’ receivables at December 31, 2018?Select one:a.P14,450,000b.P16,250,000c.P15,700,000d.P17,500,000Clear my choice

An analysis and aging of Burgos Corp. accounts receivable at December 31, 2023, disclosed the following:What is the net realizable value of Burgos' receivables at December 31, 2023?

At the end of its first year of operations, December 31, 2018, Caoayan, Inc. reported the following information: Accounts receivable, net of allowance for doubtful accountsP9,500,000Customer accounts written off as uncollectible during 2018240,000Bad debts expense for 2018840,000 What should be the balance in accounts receivable at December 31, 2018, before subtracting the allowance for doubtful accounts?Select one:a.P10,340,000b.P10,100,000c.P10,580,000d.P  9,740,000

Selected information on ABC Company’s accounts receivable is available:Accounts receivable had an opening balance on 1 July 2021 of $68,000. Allowance for doubtful debts had an opening balance on 1 July 2021 of $4,700.During 2021/22, credit sales were $713,600 (including GST) of which $584,700 has already been collected from customers and $3,266 were written off.On 30 June 2022, an “aging of accounts receivable” analysis shows that $5,300 (excluding GST) will probably not be collected.What is the adjusting entry for the bad debts expense?Question 10Answera.DR Bad debts expense $3,880; and CR Accounts receivable $3,880b.DR Allowance for doubtful debts $3,440; and CR Accounts receivable $3,440c.DR Bad debts expense $3,880; and CR Allowance for doubtful debts $3,880d.DR Bad debts expense $3,440; and CR Allowance for doubtful debts $3,440

The following information were taken from the balance sheet of Juan Repair shop as of March 31, 2017: Cash P70,000; Notes Receivable, P10,000; supplies, P5,000; Prepaid Rent,P20,000; total non-current assets, P80,000; Total Liabilities and Capital, P200,000. How much is the Accounts Receivable?Select one:a.P 120, 000b.Answers not given.c.P 15,000d.P 25,000

Select all that applyThe following annual account balances are taken from ABC Co at year end.  Current Year 1 Year Ago Accounts Receivable$49,500$48,000Net Sales$580,000$535,000Days Sales Uncollected31.15 days32.74 days Select the statements below that are correct regarding ABC Co.'s ability to collect its receivables from customers.Multiple select question.ABC Co. took approximately 31 days to collect cash from its credit customers in the current year.ABC Co. has shortened the amount of time that money is tied up in receivables from 1 year ago.ABC Co. has shortened the amount of time it takes to collect receivables from customers from 1 year ago to the current year.ABC Co. has increased the amount of time it takes to collect receivables from customers from 1 year ago.