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How much should be debited to accounts receivable

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Reference no: EM132568071

On January 1, 2018, ABC Co price of P100,000 on account under credit terms of 15%, 20%, 3/10, n/30.

Question 1: Under the gross method, how much should be debited to Accounts Receivable on January 1, 2018?

Option 1: P85,000

Option 2: P100,000

Option 3: P65,596

Option 4: Answer not given

Option 5: P68,000

Reference no: EM132568071

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