(3 points) The following information pertains to R:

• Gross accounts receivable balance as of 01-01-15 was $75,000
• Allowance for doubtful accounts balance as of 01-01-15 was $4,000
• Total sales during 2015 (all sales were on a credit basis) were $870,000
• AR write-offs during 2015 were $3,000
• Rs 12-31-15 AR aging analysis indicates a required balance in the allowance for doubtful accounts of $4,750.
• The NRV of Rs receivables as of 12-31-15 was $90,000.

On the basis of the above, how much cash did R collect from its ARs during 2015?

The Above problem is Number 24 which I have already worked the bottom problem is number 25.

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(5 points) Assume R made entries for the facts presented in traditional homework item no. 24. Further assume that prior to making those entries, Rs balance sheet indicated the following amounts:

TOTAL ASSETS: $2,500,000

TOTAL LIABILITIES $ 450,000

TOTAL OWNERS EQUITY $2,050,000

After recording the entries for the facts presented in traditional homework item no. 24, identify the following amounts for R:

TOTAL ASSETS: $

TOTAL LIABILITIES $

TOTAL OWNERS EQUITY $