Von Company provided the following data for the current year in relation to accounts receivable:

Debits

January 1 balance after deducting credit balance of P30,000

530,000

Charge sales

5,250,000

Charge for goods out on consignment

50,000

Shareholders subscriptions

200,000

Accounts written off but recovered

10,000

Cash paid to customer for January 1 credit balance

25,000

Goods shipped to cover January 1 credit balance

5,000

Deposit on contract

120,000

Claim against common carrier

15,000

Advances to supplier

155,000

Credits

Collection from customers, including overpayment of 50,000

5,200,000

Writeoff

35,000

Merchandise returns

25,000

Allowances to customers for shipping damages

15,000

Collection on carrier claim

10,000

Collection on subscription

50,000

What is the balance of accounts receivable on December 31?

a. 565,000

b. 595,000

c. 545,000

d. 495,000

What total amount of trade and other receivables should be reported under current assets?

a. 1,745,000

b. 2,045,000

c. 1,245,000

d. 1, 195,000

What total amount other receivables should be reported under non current assets?

a. 1, 650,000

b. 1,150,000

c. 1,300,000

d. 1,600,000