The unadjusted trial balance of X Company on December 31, 2021 showed the Accounts Receivable with a debit balance of P 150,000 and a credit balance of P 3.000 for the Allowance for Bad debts. The management estimated that bad debts will 8% of the outstanding accounts receivable. How much is the bad debts expense for 2021?

The unadjusted trial balance of X Company on December 31, 2021 showed the Accounts Receivable with a debit balance of P 150,000 and a credit balance of P 3.000 for the Allowance for Bad debts. The management estimated that bad debts will 8% of the outstanding accounts receivable. How much is the bad debts expense for 2021?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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