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