Question: Please show the SOLUTION IN A GOOD ACCOUNTING FORM. - The beginning Accounts Receivable and Allowance for Doubtful Accounts balances of ABC Corporation are P500000

Please show the SOLUTION IN A GOOD ACCOUNTING FORM.

- The beginning Accounts Receivable and Allowance for Doubtful Accounts balances of ABC Corporation are P500000 and P50,0-00. Net credit sales totaled P4500000 during the year while collections amounted to P4,400,000. Bad debts expense for the year is P30,000. Included in the collections was a P10,000 account that was written off in the prioryear . and was recovered during the current year. What is the net realizable value of the Accounts Receivable as of the end of the year? .* Your

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