15 01:17:29 Saved Class Quest Company had the following balances as at January 1, 2016: Accounts Receivable Allowance for Doubtful Accounts $600,000 Debit $32.000 Credit During the fiscal year 2016 (Jan 1 to Dec 31 2016), the company had the following transactions: Total Sales $7,200,000 (of which 40% represents credit sales). $3,000,000 $22,000. Cash collected from credit customers Write-offs of uncollectible accounts Required: Calculate the Accounts Receivable Ending Balance Ending Accounts Receivable Balance Saved 4. Class Quest Company had the following balances as at January 1, 2016: Accounts Receivable Allowance for Doubtful Accounts $600,000 Debit $32,000 Credit During the fiscal year 2016 (Jan 1 to Dec 31 2016), the company had the following transactions Total Sales Cash collected from credit customers 17:13 Write-offs of uncollectible accounts $7,200,000 (of which 40% represents credit sales) $3,000,000 $22,000. Required: If the company estimates bad debts as 1% of the credit sales, calculate the ending balance in the allowance for doubtful accounts Ending Allowance for Doubtful Accounts Balance $ 10,000 Help Save & Exit Sube 16 Arka Company had the following balances as at January 1, 2022. Accounts Receivable: Allowance for Doubtful Accounts $600,000 Debit $32.000 Credit During the fiscal year 2022 (Jan 1 to Dec 31 2022), the company had the following transactions Total Sales $7,200,000 (of which 60% represents cash sales $3,000,000 $22.000 Cash collected from credit customers 0116.58 Write-offs of uncollectible accounts Required If the company estimates that 1% of the credit sales are uncollectible, what amount would the company record as the bad debts expense for the year? Bade Debts Expense Help Save