Doll Company provided the following data for the current year: Allowance for doubtful accounts- January 1, 180,000 Sales 9,500,000 Sales returns and allowances 800,000 Sales discounts 200,000 Accounts written off as uncollectible 200,000 The entity provided for doubtful accounts expense at the rate of 3% of net sales. What is the allowance for doubtful accounts at year-end?  a. P435,000 b. P265,000   c. P235,000 d. P241,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Doll Company provided the following data for the current year:
Allowance for doubtful accounts- January 1, 180,000
Sales 9,500,000
Sales returns and allowances 800,000
Sales discounts 200,000
Accounts written off as uncollectible 200,000
The entity provided for doubtful accounts expense at the rate of 3% of net sales. What is the allowance for doubtful accounts at year-end? 
a. P435,000
b. P265,000
 
c. P235,000
d. P241,000
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