4 S zipped Book Print rences The following information comes from the accounts of James Company on December 31: Beginning Balance. Ending Balance $40,000 2,420 46,700 3,970 Account Title Accounts receivable Allowance for doubtful accounts Note receivable Interest receivable Required a. There were $180,200 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,800. What was the amount of cash collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period? b. The note receivable has an annual interest rate of 4.25 percent and a two-year term (8.50 percent interest rate over the life of the note). What amount of interest revenue was recognized during the period? How much cash was collected from interest? (Round your answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. Required A Required B $30,400 1,760 46,700 1,140 There were $180,200 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,800. What was the amount of cash collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period? Cash collected Uncollectible accounts expense Net realizable value JUL

The following information comes from the accounts of James Company on December 31: Required a. There were $180,200 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,800. What was the amount of cash collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of recelvables at the end of the accounting period? b. The note receivable has an annual interest rate of 4.25 percent and a two-year term 18.50 petcent interest rate over the life of the note). What amount of interest revenue was recognized during the period? How much cash was coliected from interest? (Round your answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. There were $180,200 of sales on account during the accounting period. Write-offs of uncolfectible accounts were $1,800. What was the amount of cash collected from accounts recelvable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables of the end of the accounting period