Question: During the current year, D COMPANY reported beginning allowance for doubtful accounts P200,000, sales P9,500,000, sales returns and allowances P1,000,000, sales discounts P500,000 and accounts

During the current year, D COMPANY reported beginning allowance for doubtful accounts P200,000, sales P9,500,000, sales returns and allowances P1,000,000, sales discounts P500,000 and accounts written off P300,000.It is estimated that 5% of net sales may prove uncollectible. What is the Allowance for Doubtful Accounts at year end?

A. 425,000

B. 400,000

C. 300,000

D. 375,000

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