Solutions must be in good accounting form The beginning balance of the Allowance for Doubtful Accounts is P130,000. During the current period, the entity had written off P40,000 of its receivables but recovered P50,000 of previously written-off accounts. The entity computed bad debts based on 3% of sales. Sales totaled P4,300,000 during the period. How much should the Allowance for Doubtful Accounts be at the end of the period?