The financial statements of Super Corporation include the following;

	December 31, 2019	December 31, 2020
Accounts Receivable	150,000
Allowance for Doubtful Accounts	4,500
Sales		1,200,000
Cash collected from customers (of which P490,000 is net of 2% discount)		850,000

There was a recovery of P5,000 receivable from a customer , not included above, whose account had been written off as worthless in 2019. During 2020, it was necessary to write-off uncollectible customers accounts of P10,000 and defective goods worth P1,000 were received from customers. On December 1, 2020, a customer settled his account by issuing a 12% six-month note for P100,000.