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FDNACCT Co. has the following balances on December 31, 2021 before any adjustments: Accounts Receivable P840,000 = Allowance for Doubtful Accounts = P3,250 Total

FDNACCT Co. has the following balances on December 31, 2021 before any adjustments: Accounts Receivable P840,000 = Allowance for Doubtful Accounts = P3,250 Total credit sales = P3,000,000 Provision for doubtful accounts is estimated at 5% of Accounts Receivable. How much should be credited to the Allowance for Doubtful Accounts as adjustment?

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