Prepare the necessary adjusting entries from the audit comments and the adequacy of allowance for doubtful accounts.

Shown below is Elsa Company's aging schedule of its accounts receivable on December 31, 2019. Anna Co. Kristoff Co. Olaf co. Hans Co. Duke co Pabbie Oakin Kai Inc. Bulda Inc. Total Balance 34,500 157,500 131,250 140 250 60,000 46 500 1,500 96 coo 90,000 current 93,000 34,500 79 500 22 500 1 soo 30 coo 90,000 1-30 30,000 21,750 30750 24 ooo 27 ooo Past Due 31-60 34,500 19,500 15,000 15000 24 Over 60 15,000 60,000 15 coo 60,000 15000 The auditor confirmed all balances equal to greater than P100,000 and randomly select 2 samples from the remaining accounts. The two samples selected were Oakin and Anna. The contract terms of receivable are 2/10, n/30. Past Due will start after the 30 days grace period. The accounts receivable per general ledger is P750,000 on December 31, 2019.