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D Question 33 2 pts FDN Company reported Accounts Receivable of P10,000,000 on December 31, 2021. Allowance for Doubtful Accounts was P1,000,000 on January 1,
D Question 33 2 pts FDN Company reported Accounts Receivable of P10,000,000 on December 31, 2021. Allowance for Doubtful Accounts was P1,000,000 on January 1, 2021. The following information is provided pertaining to the company's aging analysis. Time outstanding Under 90 days 91-180 days 181-360 days Accounts receivable Percent uncollectible P7,200,000 5% 1,800,000 10% 1,000,000 40% How much should be reported as Allowance for Doubtful Accounts as of December 31, 2021
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