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Question 11 0 out of 2.5 points ABC Company has Accounts Receivable at the beginning of the year amounting to P678,000. During the year, service revenues amounted to X P580,000, of which 120,000 is rendered for cash; collections were P115,000; accounts written-off were P43,000 and out of these, P15,000 were recovered. Service discounts amounted to P24,000. As a policy, 5% of the accounts receivable is estimated to be uncollectible. How much is the Bad Debts Expense at the end of the reporting period? Selected Answer: 43,850 Answers: 42,650 48,550 43,850 48,650 Question 12 0 out of 2.5 points