Answer
· #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 |
Answer |
2. An analysis and aging of Riverbed Corp. accounts receivable at December 31, 2020, disclosed the...
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