Raver Company provided the following date for the current year in relation to accounts receivable (see attached photo). What is the balance of accounts receivable on December 31?

Can you please explain how the correct answer 545,000 derive?

Debits January 1 balance after deducting credit balance of P30,000 Charge sales Charge for goods out on consignment Accounts written off but recovered Cash paid to customer for January 1 credit balance Goods shipped to cover January 1 credit balance 530,000 5,250,000 50,000 10,000 25,000 5,000 Credits Collections, including recovery of P10,000 and overpayment of P50,000 Writeoff Merchandise returns Allowances from customers for shipping damages 5,200,000 35,000 25,000 15,000 X Raver Company provided the 0/3 following date for the current year in relation to accounts receivable (see attached photo). What is the balance of accounts receivable on December 31? * Debits January 1 balance after deducting credit balance of P30,000 Charge sales Charge for goods out on consignment Accounts written off but recovered Cash paid to customer for January 1 credit balance Goods shipped to cover January 1 credit balance P530,000 5,250,000 50,000 10,000 25,000 5,000 Credits Collections, including recovery of P10,000 and overpayment of P50,000 Writeoff Merchandise returns Allowances from customers for shipping damages 5,200,000 35,000 25,000 15,000 P565,000 595,000 545,000 P645,000 Correct answer 545,000