Show your solution clearly.

1. During 2020, the JRD Company wrote off uncollectible accounts of P 7,500 and recovered accounts of P 3,700 that had been written off in 2015. In addition, the following Information is available. Accounts Receivable Amortized Cost December 31, 2019 375,000 P 362,500 December 31, 2020 500,000 480,000 The uncollectible accounts expense for the year 2020 is? 2. On March 31, 2020, Gen Company had an unadjusted credit balance of P10,000 in its allowance for uncollectible accounts. An analysis of Gen's trade accounts recelvable at that date revealed the following: Age Amount Estimated Uncollectible 0 - 30 days P600,000 5% 31-60 days 40,000 10% Over 60 days 20,000 14,000 What amount should Gen report as allowance for uncollectible accounts in its March 31,2020 statement of financial position