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What should be the doubtful accounts expense

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Reference no: EM133033664

Question - The following accounts were abstracted from G Company unadjusted trial balance on December 31, 2023.

Accounts receivable P3,000,000

Allowance for doubtful accts 10,000

Net credit sales 8,000,000

G Company estimated that 3% of the gross accounts receivable will become uncollectible.

What should be the doubtful accounts expense for 2023?

A. P100,000

B. P240,000

C. P90,000

D. P80,000

Reference no: EM133033664

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