Problems 1. For the year ended December 31, 2017, Casey Company estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available:...

Extracted text: Problems 1. For the year ended December 31, 2017, Casey Company estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available: Allowance for uncollectible accounts, 1/1/17 800,000 Provision for uncollectible accounts during 2017 (2% on credit sales of P20,000,000) 400,000 Uncollectible accounts written off, 11/30/17 300,000 Recovery of accounts considered worthless Estimated uncollectible accounts per aging, 12/31/17 100,000 1,150,000 After year-end adjustment, the uncollectible accounts expense for 2017 should be а. 300,000 b. 600,000 150,000 d. 550,000 С.