1. At the end of its first year of operations, december 31, 2017, ABC Inc. reported the following information:

Accounts receivable, net of allowance for doubtful accounts P9,500,000

Customer accounts written off as uncollectible during 2017 P240,000

Bad debts expense for 2017 P840,000

What should be the balance in accounts receivable at december 31, 2017, before subtracting allowance for doubtful accounts?

• P 10,580,000
• P 10,340,000
• Answer not given
• P10,100,000
• P9,740,000