What is the net realizable value of accounts receivable on December 31, 2020? Lyndon Company provided for doubtful accounts expense monthly at 3% of credit sales. The balance in the allowance for doubtful accounts was P1,000,000 on January 1, 2020. During 2020, credit sales totaled P20,000,000, interim provisions for doubtful accounts were made at 3% of credit sales. P200,000 accounts were written off, and recoveries of accounts previously written off amounted to P50,000. An aging of accounts receivable was made on December 31, 2020. 1- 60 days 6,000,000 10% uncollectible 61-180 days 2,000,000 20% uncollectible 181-360 days 1,500,000 30% uncollectible More than one year 400,000 50% uncollectible 9.900.000