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What amount should be reported as accounts receivable

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Problem 1: At the end of the first year of operations, Majestic Company had accounts receivable of P6,000,000, net of related allowance for doubtful accounts. During the current year, the entity recorded charges to bad debt expense of P900,000 and wrote off P200,000 of uncollectible accounts receivable. At year end, what amount should be reported as accounts receivable before the allowance for doubtful accounts?

Reference no: EM132814951

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