1. CMA Company provided the following accounts abstracted from the unadjusted trial balance on December 31, 2022:

	Debit	Credit
Accounts Receivable	2,500,000
Allowance for Doubtful Accounts	20,000
Sales		10,000,000

The company estimated that 4% of the gross accounts receivable will become uncollectible. Cash Sales are 40% of the total sales

What amount should be reported as allowance for doubtful accounts on December 31, 2022?

a.120,000

b.100,000

c.80,000

d.280,000

2. What amount should be recognized as doubtful accounts expense for the year 2022? a.100,000

b.80,000

c.280,000

d.120,000

3.At what amount shall the accounts receivable be presented on December 31, 2022?

a.2,380,000

b.2,520,000

c.2,500,000

d.2,400,000