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2. An analysis and aging of Riverbed Corp. accounts receivable at December 31, 2020, disclosed the following. Amounts estimat

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Answer #1

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· #2

Net Realizable value = $ 1786000 account receivables - $ 182300 amount estimated to be uncollectible
= $ 1603700

· #3
Allowance for doubtful accounts 12/31/20
= $ 16250 beginning balance + $ 8520 collected + $ 57110 bad debt expense - $ 28190 written off
= $ 53,690

· #4

Bad Debt Expense for 2020

$90,280

Customers written off

($24,140)

A

Allowance account balance

$66,140

B

Net Account receivables

$867,500

C = A+B

Account receivables, before deducting Allowance account

$933,640

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