On December 31, 2014 the Accounts Receivables of the Mikolangot Company, P1,959,542.60, consisted to the following items:

Accounts recevable, trade, of which there was P31,091.60 of known worthless accounts, of the remaining accounts P50,000 may be estimated as being of doubtful collectibility	1,290,571.30
Accounts receivable, trade, credit balance	(36,028.70)
Accounts receivable, consignments (cost of goods on consignment, P100,000)	150,000.00
Accounts receivable consisting of subscription to capital stock. This is the balance due on 200 shares of capital stock subscribed for at par (P1,000) and payable on demand	130,000.00
Jose Redoblado, Salesman	50,000.00
Jose Ravalo, plant superintendent. This is the balance due on a loan P30,000.00, which is being paid by deductions of P1,000.00 montly from Mr. Ravalo's salary checks.	20,000.00
Mario Rebueno, Office employee. A salary advance to be paid by deductions of P500.00 monthly from salary by deductions of P500.00 monthly from salary checks commencing with Mr. Rebueno's checks for the month of March.	5,000.00
Advance to Jabob Company	200,000.00
Advances to Mayores Engineering Company (These two advances to subsidiary companies are not expected to be paid during the coming year.)	150,000.00
	1,959,542.60