At the end of its first year of operations, December 31, 2020, ABC Company had accounts receivable of P6,000,000, net of the related allowance for doubtful accounts. During 2020, ABC Company recorded...

Extracted text: At the end of its first year of operations, December 31, 2020, ABC Company had accounts receivable of P6,000,000, net of the related allowance for doubtful accounts. During 2020, ABC Company recorded charges to bad debt expense of P900,000 and wrote off P200,000 of uncollectible accounts receivable. On December 31, 2020, how much should ABC Company report as accounts receivable before the allowance for doubtful accounts? O 6,000,000 O 6,200,000 6,700,000 7,100,000