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The following are the selected account balances of ABC Company taken from its trial balance as of December 31, 2020: Accounts Receivable P250,000 Allowance for

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The following are the selected account balances of ABC Company taken from its trial balance as of December 31, 2020: Accounts Receivable P250,000 Allowance for Doubtful Accounts 25,000 Sales 12,000,000 Sales Returns and Allowances 120,000 Q Sales Discount 240,000 Bad debts accounts is estimated to be 1% of net sales. What is the net realizable value of receivables as of December 31, 2020? Select the correct response. P158,600 P130,000 P133,600 P108,600

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