11. In its income statement for the year ended December 31, 2020, Angel Company reported revenue of P5,000,000. The accounts receivable at January 1 is P300,000; Uncollectible accounts written off is...

11. In its income statement for the year ended December 31, 2020,
Angel


Company
reported revenue of P5,000,000. The accounts receivable at
January 1 is P300,000; Uncollectible accounts written off is P20,000; and
accounts receivable at December 31 is P200,000. How much revenue will
be reported under the cash basis of accounting?

A. P4,900,000
B. P4,920,000
C. P5,080,000
D. P5,100,000
E. answer not given