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7. The Natividad Publishing Company folloWS the procedure of debiting Bad Debts xpense for 2% of all new sales. Sales for 4 consecutive years and year-ended allowance account balances were as follows: Year 2002 2003 2004 2023 p 300,000 875,000 Allowance for Bad Debts End-of-Year Credit Balance P21.500 35,500 50,000 66,000 Compute the amount of accounts writtervoff for the year 2023. c. P35,500 a. P31.000 b. P25,500 d. P5,500 Anda Corporation provided for uncollecti e accounts receivable under the allowance method since the start of its operations t December 31, 2023. Provisions were made monthly at 2 percent of credit sales; bad dbts written Off were charged to the allowance account; recoveries of bad debts previously written Off were credited to the allowance account and no year-end adjustments to allowance account were made. Anda's usual credit terms are net 30 days. The credit balance in the allowance for doubtful accounts was P260,OOO at January 1 . 2023. During 2023, credit sales totaled interim provisions for doubtful accounts were made at 2 percent of credit sales, P 180,000 of bad debts were written Off, and recoveries of accounts previously written off amounted to P30,OOO. Anda installed a computer system in November 2023 and an aging of accounts receivable was prepared for the first time as of December 31, 2023, A summary of the aging is as follows: Estimated % Balance in Uncollectible Glassifications bv Month of Sale November-December 2023 July-oct0ber 2023 January-June 2023 prior to January 1 , 2023 each Cateqorv 800,000 260,000 2% 15% 25% Based on the review of collectibility of the account balances in the "prior to January 1, 2023" aging category, additional receivables totaling P 120,000 were written off as Of December 31 , 2023. Effective with the year ended December 31, 2023, Anda adopted a new accounting method for estimatin the allowance for doubtful accounts at the amount indicated by the year-end aging analysis of accounts receivable. QUESTIONS: . How much is the adjusted balance of the owance for doubtful accounts as of December 31, 2023? b. P350,ooo c. P633,600 d. P753,600 9. How much is the doubtful accounts for the year 2023? a. P427,600 b. P577,600 g: P547,600 d. P457,600 10. The recorded allowance for oubtful accounts should be increased by a. P283,600 187 ,600 c. P67,600