What barn co provision for bad debts would be

Reference no: EM132835952

Based on aging of the receivables at December 31, 2016, BARN Co. has determined that its collectible trade receivables was P6,500,000. The following information pertains to BARN Company's receivables in 2016: trade receivables December 31, P7,000,000; allowance for uncollectible accounts January 1, P600,000; uncollectible accounts written off, P360,000; and uncollectible accounts recovered, P40,000.

Problem 1: BARN Co.'s provision for bad debts for 2016 would be

Reference no: EM132835952

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