1. In connection with your examination of the financial statements of Bukel Inc. for the year ended December 31, 2021, you were able to obtain certain information during your audit of the accounts receivable and related accounts. The December 31, 2021 balance of Accounts Receivable control accounts is P 788,000 The only entries in the Doubtful Accounts Expense were: 1 A credit for P1,296 on December 2, 2021 because Company A remitted in full for the accounts charged off on October 31, 2021; and 2 A debit on December 31 for the amount of the credit to Allowance for Doubtful Accounts An aging schedule of the accounts receivable as of December 31,2021 is There is a credit balance in one account receivable ( 0 to 1 month) of P8,000; ti represents an advance on a sales contract. Also, there is a credit balance in one of the 1 to 3 months account receivable of P2,000 for which merchandise will be accepted by the customer The ledger accounts have not been closed as at December 31, 2021. The Accounts Receivable control account is not in agreement with the subsidiary ledger. The difference cannot be located and you decided to adjust the control account to the sum of the subsidiaries after corrections are made. Based on the above information: REQUIRED: 1. How much is Doubtful Account Expense? 2. How much is the net adjustment to Doubtful Account Expense? 1. In connection with your examination of the financial statements of Bukel Inc. for the year ended December 31, 2021, you were able to obtain certain information during your audit of the accounts receivable and related accounts. The December 31, 2021 balance of Accounts Receivable control accounts is P 788,000 The only entries in the Doubtful Accounts Expense were: 1 A credit for P1,296 on December 2, 2021 because Company A remitted in full for the accounts charged off on October 31, 2021; and 2 A debit on December 31 for the amount of the credit to Allowance for Doubtful Accounts An aging schedule of the accounts receivable as of December 31,2021 is There is a credit balance in one account receivable ( 0 to 1 month) of P8,000; ti represents an advance on a sales contract. Also, there is a credit balance in one of the 1 to 3 months account receivable of P2,000 for which merchandise will be accepted by the customer The ledger accounts have not been closed as at December 31, 2021. The Accounts Receivable control account is not in agreement with the subsidiary ledger. The difference cannot be located and you decided to adjust the control account to the sum of the subsidiaries after corrections are made. Based on the above information: REQUIRED: 1. How much is Doubtful Account Expense? 2. How much is the net adjustment to Doubtful Account Expense