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How much should be recorded as sales in the books

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Reference no: EM132737286

Problem 1: The total assets of the business before collection of receivables is P150,000. What will be the balance of asset account if 3/4 of P16,000 accounts receivable is collected in check?

Problem 2: A Merchandise was sold on April 15, 2025 for P200,000 with Terms 15, 10, 5, 2/30, n/45. How much should be recorded as sales in the books?

Reference no: EM132737286

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