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What amount of uncollectible account expense was recorded

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Question - Dec Company uses the balance sheet approach in estimating uncollectible accounts expense. The company prepares an adjusting entry to recognize this expense at the end of each month. During the month of July, the company wrote off a P1,000 receivable and made no recoveries of previous write-offs. Following the adjusting entry for July, the credit balance in the Allowance for Doubtful Accounts was P2,500 larger than it was on July 1. What amount of uncollectible account expense was recorded for July?

Reference no: EM132579257

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