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Sta.Elena Company recorded uncollectible accounts expense of P20,000 during 2020. The allowance for uncollectible accounts had a balance of P17,500 on December 31, 2019. During

Sta.Elena Company recorded uncollectible accounts expense of P20,000 during 2020. The allowance for uncollectible accounts had a balance of P17,500 on December 31, 2019. During the year 2020, Lumbangan wrote off P30,500 of uncollectible receivables and recovered P8,050 of uncollectible accounts written off in prior years.

How much will be the allowance for uncollectible accounts at December 31, 2020?

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