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What is the allowance for doubtful accounts at year end

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Question 1: During the current year, D COMPANY reported beginning allowance for doubtful accounts P200,000, sales P9,500,000, sales returns and allowances P1,000,000, sales discounts P500,000 and accounts written off P300,000. It is estimated that 5% of net sales may prove uncollectible. What is the Allowance for Doubtful Accounts at year end?

Option A. 425,000

Option B. 400,000

Option C. 300,000

Option D. 375,000

Reference no: EM132604533

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