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What amount should be recognized as doubtful accounts

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Question - Sanaol Company reported the ff. balances after adjustment at the end of 2020 and 2019.

 

12/31/2020

12/31/2019

Accounts receivable

5,250,000

4,800,000

Net realizable value

5,100,000

4,725,000

During 2020, Sanaol wrote off accounts totaling P160, 000 and collected P40, 000 on accounts written off in previous years. What amount should be recognized as doubtful accounts expense for the year ended December 31, 2020?

Reference no: EM132589025

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