After examination of the records of Edit Company, you determined the following year-end amounts:
| |
2016 |
2015 |
| Net credit sales |
P1,200,000 |
P1,050,000 |
| Accounts Receivable |
305,000 |
260,000 |
| Allowance for Uncollectible Accounts |
12,000 |
6,000 |
|
Uncollectible accounts written oil in
previous year and then recovered
this year
|
3,000 |
|
Your examination of the records of the company ndicates that uncollectible accounts expense recorded during 2016 was P48,000.
Required
What is the amount of the accounts receivable actually written off during 2016?