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What is the amount of the accounts receivable

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Reference no: EM131165599

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?

Reference no: EM131165599

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