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1. Hope Companys total assets were $18,581. Hope determined that an $854 account receivable was uncollectible and wrote off the receivable. After the write off,

1. Hope Companys total assets were $18,581. Hope determined that an $854 account receivable was uncollectible and wrote off the receivable. After the write off, Hopes total assets will be $______

2. At the beginning of 2018 Evan Company had a $1,325 balance in its accounts receivable account and a $275 balance in allowance for doubtful accounts. During 2018, Evan experienced the following events.

(1) Earned $3,535 of revenue on account.

(2) Collected $2,484 cash from accounts receivable.

(3) Wrote-off $245 of accounts receivable as uncollectible.

Evan estimates uncollectible accounts to be 1% of sales. Based on this information, the December 31, 2018 adjusted balance in the allowance for doubtful accounts is

3. Duncan Corporation uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 4% uncollectible rate. Accounts more than 60 days are considered old and have a 30% uncollectible rate. Duncans Allowance for doubtful accounts currently has an unadjusted credit balance of $3,000.

If Duncan has $50,700 of young accounts and $13,300 of old accounts, how much should be reported in the adjusted Allowance for doubtful accounts?

4. On March 1, 2018, Bodie Co. accepted a $7,200 face value note as evidence of a loan it made to T Company. The note had a 10 percent interest rate and a one-year term. What is the interest revenue recognized by Bodie in 2018

5. Ava Company sets bad debt expense at 3 percent of its sales. Ava reported total sales of $ 51,830. Before the adjustment, Ava had $652 credit balance in its allowance for doubtful accounts.

What is the ending balance in the Allowance for Doubtful Accounts that Ava report on its Balance Sheet?

If possible please show work or at least for number 4 and 5. As i keep getting these wrong.

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