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What is the accounts receivable balance at december

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COMPUTING THE ACCOUNTS RECEIVABLE BALANCE Banaba Co. reported the following information at the end of its first year of operations, December 31, 2007:

Bad debt expense for 2007 P169,000

Uncollectible accounts written off during 2007 47,600

Net realizable value of accounts receivable 994,200

Problem 1: What is the accounts receivable balance at December 31, 2007?

a. I,163,200

b. PI,041,800

c. Pl,115,600 .

d. PI,210,800

Reference no: EM132782705

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