JD Company decided on January 2, 2022 to effect the change in accounting policies in relation to bad debts as follows: Bad debt percentage rom 2% to 10% of accounts receivable. JD Company's receivable balance at December 31, 2022 was 960,000, and the allowance for bad debt account has a debit balance of P7,000.
What is the 2022 carrying value of the accounts receivable?
a. 857,000
b. 960,000
c. 878,000
d. 864,000
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here