What is amount of uncollectible accounts expense for year

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Problem 1: At the beginning of the year, accounts receivable balance is P227,000 and allowance for uncollectible accounts is P22,700. During the year, credit sales amounted to P5,065,000; collections on accounts totaled P4,836,000; accounts P150,000 were written off. What is the amount of uncollectible accounts expense for the year?

Option 1: P157,900
Option 2: P7,900
Option 3: P30,600
Option 4: P150,000

Reference no: EM132822551

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