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What should be the uncollectible accounts expense

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Question - Vigan Company determined that the net realizable value of its accounts receivable at December 31, 2020 based on an aging of accounts receivable was P5,200,000. Additional information for the year 2020 is as follows:

Allowance for uncollectible accounts - 1/1 500,000

Uncollectible accounts written off during the year 400,000

Uncollectible accounts recovered during the year 100,000

Accounts receivable - 12/31 6,000,000

What should be the uncollectible accounts expense for 2020?

A. 800,000

B. 400,000

C. 600,000

D. 700,000

Reference no: EM132526235

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