At the end of the year, the unadjusted trial balance of AAA Company include the following items: Accounts receivable Allowance for doubtful accounts 700,000 20,000 Sales Sales returns and allowances Sales discount 30,000 20,000 5,000,000 Past experiences indicate that 75% of all sales are credit sales and that an average of 2% of credit sales may prove uncollectible. It is the policy to maintain an allowance for doubtful accounts equal to 10% of the outstanding accounts receivable. What is the net realizable value of AAA Company's receivables? P650,000 P680,000 P629,000 P630,000