Problem 3 The accountant of Hiddleston Corporation presented to you the following details of its subsidiary ledger in relation audit of the company's accounts receivable balance as of December 31, 2021 Customer Invoice Date Amount Mackie Inc. December 20 550,000 December 1 1,200,000 October 11 950,000 August 4 420,000 Stan Co. November 20 September 4 August 2 2,000,000 900,000 500,000 Boseman, Inc December 10 October 4 July 5 1,750,000 600,000 500,000 Holland Corporation September 9 July 10 March 5 2,600.000 1,250,000 900,000 Wong Co. December 1 (500,000 Audit notes: a) The company's term is n/60 THA ARBARA Audit notes a) The company's term is n/60. b) The company's general ledger shows the following balances as of December 31, 2021 Accounts receivable P13,650,000 Allowance for doubtful accounts (950,000) c) The credit balance of the receivable resulted from Wong Co.'s overpayment of its account. The same shall be sett by a delivery of merchandise the following period. d) You have discovered that Boseman, Inc.'s payment of an October 4 invoice amounting to P600,000 was posted again Stan Co.'s account for an invoice dated December 4, for the same amount e) Discussions with the credit department manager revealed the following appropriate credit policy: Accounts receivable age % doubtful of collection Current 2% 1 -60 days past due 5% 61 - 120 days past due 20% More than 120 days past due 50% Required: 1) How much is the unreconciled difference between the control account and the subsidiary ledger? 2) What is the correct accounts receivable balance as of December 31, 2021? 3) Assuming that there were no other entries affecting the allowance for bad debts, what is the correct bad debt expens for 2021? 4) What is the correct amortized cost of the receivables as of December 31, 2021