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How abc co collected the receivable on january

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Question 1: On January 13, 2018, ABC Co. sold on account goods with selling price of P300,000 with terms of 2/10, n/30. Freight costs amounted to P5,000. The goods were received by the buyer on January 15, 2018. ABC Co. collected the receivable on January 23, 2018.

Option 1: P305,000

Option 2: P294,000

Option 3: P299,000

Option 4: P289,000

Option 5: Answer not given

Reference no: EM132579848

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