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What the balance of the accounts receivable on December

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Problem - The following information is available for Pam Company relating to 2016 operations: Accounts receivable, January 1; P4,000,000; Accounts receivable collected, P6,300,000; Cash sales P1,900,000; Inventory, January 1; P3,200,000; Inventory, December 31, P1,900,000; Purchases P5,950,000; Gross margin on sales P2,450,000. What the balance of the accounts receivable on December 31, 2016?

Reference no: EM132942194

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