Problem 1 Orr Company prepared an aging of accounts receivable on December 31 and determined that the net realizable value of the accounts receivable was P2,500,000. Allowance for doubtful accounts on January 1 280,000 Accounts written off as uncollectible 230,000 Accounts receivable on December 31 2,700,000 Uncollectible accounts recovery 50,000 What amount should be recognized as doubtful accounts expense for the current year