JD Company decided on January 2, 2022, to effect the change in accounting policies in relation to bad debts as follows: Bad debt percentage from 2% to 10% of accounts receivables. JD Company's...

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Extracted text: JD Company decided on January 2, 2022, to effect the change in accounting policies in relation to bad debts as follows: Bad debt percentage from 2% to 10% of accounts receivables. JD Company's receivable balance at December 31, 2022 was P 960,000, and the allowance for bad debt account has a debit balance of P 7,000. What is the 2022 carrying value of the accounts receivable? O 960,000 O 864,000 O 857,000 O 878,000