Antarctica Company prepared an aging of accounts receivable on December 31, 2020 and determined that the net realizable value of accounts receivable was 5,000,000. The entity revealed the following information for the current year: Allowance for doubtful accounts - January 1, 600,000; Accounts receivable - December 31, 6,000,000; Accounts written off, 800,000; Recovery of accounts written off, 100,000. What amount should be recognized as doubtful accounts expense for the current year?

0/3 X Antarctica Company prepared an aging of accounts receivable on December 31, 2020 and determined that the net realizable value of accounts receivable was P5,000,000. The entity revealed the following information for the current year: Allowance for doubtful accounts - January 1, P600,000; Accounts receivable - December 31, P6,000,000; Accounts written off. P800,000; Recovery of accounts written off, P100,000. What amount should be recognized as doubtful accounts expense for the current year? * 1,100,000 1,000,000 1,200,000 1,800,000 Correct answer 1,100,000