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SEND HELP PLEASEEE CHARM Company uses the aging method of estimating credit losses in its accounts receivable. Char prepared the followingtable at the reporting date,
SEND HELP PLEASEEE
CHARM Company uses the aging method of estimating credit losses in its accounts receivable. Char prepared the followingtable at the reporting date, December 31, 2019. % of uncollectible Z No. of days outstanding 0 - 30 days 31 - 60 days Over 60 days Amount P600,000 200,000 100,000 4 10 Additional information: Allowance for doubtful accounts, January 1, 2019. P 25,000 Accounts written off during the period. P. 6,000. Accounts recovered. P 3,000. Q1. The allowance for doubtful accounts adjusted balance as Decernber 31, 2019 is Qz. Doubtful accounts expense for the period is 03. The carrying value of receivable on December 31, 2019 is Q4: Prepare journal entries to record account written-off during the period, accounts recovered and doubtful accounts expense for the period
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