1. At the beginning of 2022, Gallardo Charcoal Company had a credit balance of P100,000 in the allowance for uncollectible accounts. Based on experience, 2.5% of credit sales would be uncollectible. During 2022, the company wrote off P175,000 of uncollectible accounts. Sales for the year totaled 5,250,000, of which 30% is cash sales.

What is the doubtful accounts expense for 2022?

a.91,875

b.16,875

c.166,875

d.131,250

2. CMA Company's Allowance for doubtful accounts was P2,000,000 at the end of 2022 and P1,800,000 at the end of 2021. for the year ended December 31, 2022, the entity reported doubtful accounts expense of P300,000 in its statement of comprehensive income and made no recoveries of accounts written off in prior years. How much were recorded as accounts written-off during 2022?

a.500,000

b.300,000

c.100,000

d.Zero

3. What amount should be reported as allowance for doubtful accounts on December 31, 2022?

a.16,875

b.175,000

c.91,875

d.131,250