How much discount was allowed to customers

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Tomas Company does not keep a full set of business records, but the following information is available for the month of June 2014:

Trade receivable, 6/1/14 P80,000

Trade receivable, 6/30/14 55,000

Credit sales 680,000

Cash received from customers 673,000

Bad debts written-off 4,000

Problem 1: General provision for doubtful debts set up in June 10,000 Assuming no other transactions, how much discount was allowed to customers during the month of June?

Reference no: EM132752493

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